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Utah's unclaimed property law—which governs what happens to forgotten bank accounts, stocks, and other assets when owners can't be located—currently lacks clear rules for digital assets like cryptocurrency. This bill would update that law by defining digital assets (including cryptocurrency, stablecoins, and non-fungible tokens) and establishing that such an asset is presumed abandoned three years after the owner's last activity, or later in some cases if mailed notices go undelivered. Companies holding these assets that are able to transfer them would be required to deliver them to a state-designated custodian within 30 days of reporting them, while companies unable to transfer an asset would have to keep and monitor it until they gain that ability; the state administrator could also direct a company to sell or liquidate a digital asset early if it can't be safely held or if custody costs would exceed its value. Once in state custody, the administrator generally could not sell a digital asset for at least three years, and would have to sell assets traded on established exchanges for no less than the prevailing market price, while Utahns who lose access to their digital assets this way would retain the right to file a claim to recover the assets or their sale proceeds.