Idaho Code 28-5304 – Classification of Digital Assets
Current as of: 2023 | Check for updates
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Digital assets are intangible personal property and are classified as follows:
(1) Digital assets are intangible personal property and are general intangibles as defined in section 28-9-102, Idaho Code.
Terms Used In Idaho Code 28-5304
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Personal property: All property that is not real property.
- Personal property: includes money, goods, chattels, things in action, evidences of debt and general intangibles as defined in the uniform commercial code — secured transactions. See Idaho Code 73-114
- Property: includes both real and personal property. See Idaho Code 73-114
(2) Digital securities are intangible personal property and are investment property as defined in section 28-9-102, Idaho Code.
(3) Virtual currency is intangible personal property and is not a security, notwithstanding section 30-14-102, Idaho Code.