technical correction; unclaimed property; interest
What changed between versions
New definitions were added for 'digital asset,' 'attorney for the state,' and 'seizing agency' to clarify how digital property is treated under the law.
A new 'Bitcoin and Digital Assets Reserve Fund' was created to store and manage seized digital assets, with specific allocation rules for proceeds from their sale.
New procedures allow peace officers to seize digital assets by accessing private keys or securing digital wallets, and courts can issue warrants for such seizures.
Seized digital assets must be stored in state-approved, secure digital wallets to prevent theft or loss.
The state must prove by clear and convincing evidence that an innocent owner knew about the underlying crime before forfeiting their property.
Exemptions were added to prevent the forfeiture of vehicles used by common carriers or when the owner was not involved in the crime.
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