Wisconsin Statutes & Annotations
Chapter 177 - Uniform unclaimed property act.
177.1205 - Waiver of penalties.

177.1205 Waiver of penalties. The administrator may waive, in whole or in part, the penalties imposed under s. 177.1204.
History: 2021 a. 87.

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.