Wisconsin Statutes & Annotations
Chapter 177 - Uniform unclaimed property act.
177.0503 - Notice by administrator.

177.0503 Notice by administrator.
(1) Before July 1 of each year, the administrator shall publish on an Internet site maintained by the administrator a notice of the names of apparent owners of abandoned property reported and remitted to the administrator. Except as provided in sub. (1m), the notice shall include the name and last-known address of each person identified in a report filed under s. 177.0401 since the publication of the previous notice. The administrator shall also publish in a newspaper the names of apparent owners of abandoned property reported and remitted to the administrator in the previous reporting year. The notice shall be a class 1 notice under ch. 985 and published in a newspaper of general circulation in the county in which is located the last-known address of the person to be named in the notice. If no address is listed or the address is outside this state, the notice shall be published in the official state newspaper.
(1b) A notice under sub. (1) shall contain all of the following:
(a) The names in alphabetical order and the last-known addresses, if any, of persons listed in the report and entitled to notice within the county, as specified in sub. (1).
(b) A statement that information concerning the property and the name and last-known address of the holder may be obtained by any person possessing an interest in the property by addressing an inquiry to the administrator.
(1d) The administrator is not required to publish notice of any item with a value of less than $50 unless the administrator determines the publication to be in the public interest.
(1g) In addition to any notice required under sub. (1), the administrator shall also publish, in the notice described under sub. (1), the name and last-known address of each owner of a U.S. savings bond that has been presumed abandoned under s. 177.0206 since the publication of the previous notice.
(1m) If the address of a person to be named in a notice under sub. (1) is outside this state, and if the administrator has entered into an agreement under s. 177.1202 with the state in which the address is located, the administrator may omit the information specified in sub. (2) with respect to that person from the notice published under sub. (1).
(2) A notice under sub. (1) shall contain all of the following:
(a) The names in alphabetical order and last-known address, if any, of persons listed in the report and entitled to notice within the county as specified in sub. (1).
(b) A statement that information concerning the property and the name and last-known address of the holder may be obtained by any person possessing an interest in the property by addressing an inquiry to the administrator.
(2m) For money or other property received under s. 852.01 (3), 863.37 (2) or 863.39 (1), a notice shall be published at least annually in the official state newspaper and shall include the name of the decedent, the amount paid to the administrator, the county in which the estate is probated and a statement that the money will be paid to the heirs or legatees without interest, on proof of ownership, if claimed within 10 years from the date of publication as provided in s. 863.39 (3).
(2n)
(a) The administrator may publish, on behalf of the department of children and families, the name and address of an apparent owner of uncashed child support payments.
(b) At least quarterly, the department of children and families shall reimburse the administrator, based on information provided by the administrator, for any administrative expenses incurred under par. (a).
(3) The administrator is not required to publish notice of any item with a value of less than $50 unless the administrator determines the publication to be in the public interest.
(4) This section does not apply to sums payable on traveler's checks, money orders and other written instruments presumed abandoned under s. 177.0201.
History: 1983 a. 408; 1991 a. 39, 299; 2001 a. 16; 2013 a. 308; 2015 a. 309; 2021 a. 87 ss. 85 to 87, 157; Stats. 2021 s. 177.0503; 2021 a. 240 s. 30.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 177 - Uniform unclaimed property act.

177.001 - Short title.

177.01 - Definitions.

177.015 - Inapplicability to foreign transactions and other exemptions.

177.016 - Rules.

177.0201 - When property presumed abandoned.

177.0202 - When tax-deferred retirement account presumed abandoned.

177.0203 - When other tax-deferred account presumed abandoned.

177.0204 - When custodial account for a minor presumed abandoned.

177.0205 - When contents of safe deposit box presumed abandoned.

177.0206 - When U.S. savings bonds presumed abandoned.

177.0207 - When security presumed abandoned.

177.0208 - When related property presumed abandoned.

177.0209 - Proceeds from sale of property in self-service storage facility.

177.0210 - Indication of apparent owner interest in property.

177.0211 - Knowledge of death of insured or annuitant.

177.0212 - Deposit account for proceeds of insurance policy or annuity contract.

177.0213 - Property held by agents and fiduciaries.

177.0214 - Distributions by certain insurance company activities.

177.0215 - Refunds held by business associations.

177.0301 - Address of apparent owner to establish priority.

177.0302 - Address of apparent owner in this state.

177.0303 - If records show multiple addresses of apparent owner.

177.0304 - Holder domiciled in this state.

177.0305 - Custody if transaction took place in this state.

177.0306 - Traveler's check, money order, or similar instrument.

177.0307 - Virtual currency.

177.0308 - Hazardous or dangerous items found in safe deposit box.

177.0401 - Report required by holder.

177.0402 - Content of report.

177.0403 - When report to be filed.

177.0404 - Retention of records by holder.

177.0405 - Property reportable and payable or deliverable absent owner demand.

177.0406 - Negative reporting.

177.0501 - Notice to apparent owner by holder.

177.0502 - Contents of notice by holder.

177.0503 - Notice by administrator.

177.0504 - Cooperation among state officers and agencies to locate apparent owners.

177.0505 - Tax return identification of apparent owners.

177.0601 - Definition of good faith.

177.0602 - Dormancy charge.

177.0603 - Payment or delivery of property to administrator.

177.0604 - Effect of payment or delivery of property to administrator.

177.0605 - Recovery of property by holder from administrator.

177.0606 - Property removed from safe deposit box.

177.0607 - Income, interest, or gain while in the administrator's custody.

177.0608 - Administrator's options as to custody.

177.0609 - Disposition of property having no substantial value; immunity from liability.

177.0610 - Periods of limitation and repose.

177.0701 - Public sale of property.

177.0702 - Disposal of securities.

177.0703 - Purchaser owns property after sale.

177.0704 - Military medal or decoration.

177.0801 - Deposit of funds by administrator.

177.0802 - Administrator to retain records of property.

177.0901 - Claim of another state to recover property.

177.0902 - When property subject to recovery by another state.

177.0903 - Claim for property by person claiming to be owner.

177.0904 - When administrator must honor claim for property.

177.0905 - Allowance of claim for property.

177.0906 - Action by person whose claim is denied.

177.0907 - Claim to recover abandoned U.S. savings bond.

177.1001 - Verified report of property.

177.1002 - Requests for reports and examination of records.

177.1003 - Records obtained in examination.

177.1004 - Failure of person to maintain records.

177.1005 - Administrator's contract with another to conduct examination.

177.1101 - Default assessment.

177.1102 - Notice of assessment.

177.1103 - Appeal of assessment.

177.1104 - Penalties.

177.1201 - Enforcement.

177.1202 - Interstate and international agreement; cooperation.

177.1203 - Action involving another state or foreign country.

177.1204 - Penalties.

177.1205 - Waiver of penalties.

177.1206 - Recovery of property paid to incorrect claimant.

177.1301 - When agreement to locate property enforceable.

177.1302 - When agreement to locate property void.

177.1401 - Definitions; applicability.

177.1402 - Confidential information.

177.1403 - When confidential information may be disclosed.

177.1501 - Uniformity of application and construction.

177.1502 - Effect of new provisions; clarification of application.

177.1503 - Escheat of property to municipalities.

177.1504 - Escheat of U.S. savings bonds.

177.1505 - Voluntary disclosure.