# Idaho Code § 28-5305: 28-5305 PURCHASE AND SALE

> Idaho · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C53_S28-5305

## Section

- **Citation:** Idaho Code § 28-5305
- **Heading:** 28-5305 PURCHASE AND SALE
- **Jurisdiction:** Idaho
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Idaho Code / Title 28 / Chapter 53 / Section 28-5305

## Text

28-5305. purchase and sale. (1) Digital assets may be purchased and sold in the same manner and subject to the same laws of this state as other personal property. A purchaser or seller may be identified in any way including by name, identifying number, private key, office, or account number.

(2) Except as provided in subsection (3) of this section, a purchaser takes a right to payment, right to performance or interest in property evidenced by a digital asset subject to a claim of a property right, right to payment, and right to performance or interest in property evidenced by the digital asset.

(3) An action based on a claim of a property right, right to performance, or right of payment may not be asserted against a qualified purchaser. For the purposes of this subsection, a qualified purchaser is a purchaser of a digital asset or an interest in a digital asset that obtains the digital asset for value, in good faith, and without notice of a claim of a property right in the digital asset.

History:

[28-5305, added 2022, ch. 284, sec. 1, p. 903.]

## Nearby sections

- [Idaho Code § 28-5301 28-5301 SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C53_S28-5301.md)
- [Idaho Code § 28-5302 28-5302 SCOPE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C53_S28-5302.md)
- [Idaho Code § 28-5303 28-5303 DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C53_S28-5303.md)
- [Idaho Code § 28-5304 28-5304 CLASSIFICATION OF DIGITAL ASSETS.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C53_S28-5304.md)
- [Idaho Code § 28-5305 28-5305 PURCHASE AND SALE.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C53_S28-5305.md)
- [Idaho Code § 28-5306 28-5306 PERFECTION BY POSSESSION OR CONTROL.](https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C53_S28-5306.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ID_T28_C53_S28-5305. Check the current official text before relying on it. Not legal advice.