reglab/housing_qa huggingface dataset:
WI Stat § 177.0404 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0404 - Retention of records by holder.

177.0404  Retention of records by holder. (1) A holder required to file a report under s. 177.0401 shall retain records for 10 years after the later of the date on which the report was filed or the last date on which a timely report was due to be filed, unless a shorter period is prescribed by rule by the administrator. (2) The holder may satisfy the requirement to retain records under this section through an agent. (3) The records retained under this section shall include the following:(a) The information required to be included in the report under s. 177.0401.(b) The date, place, and nature of the circumstances that gave rise to the property right.(c) The amount or value of the property.(d) The last address of the apparent owner, if known to the holder.(e) If the holder sells, issues, or provides to others for sale or issue in this state traveler's checks, money orders, or similar instruments, other than 3rd-party bank checks, on which the holder is directly liable, a record of the instruments while they remain outstanding, indicating the state and date of issue.History:  2021 a. 87; s. 35.17 correction in (3) (e).
WI Stat § 177.0405 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0405 - Property reportable and payable or deliverable absent owner demand.

177.0405  Property reportable and payable or deliverable absent owner demand. Property is reportable and payable or deliverable under this chapter even if the owner fails to make demand or present an instrument or document otherwise required to obtain payment.History:  2021 a. 87.
WI Stat § 177.0406 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0406 - Negative reporting.

177.0406  Negative reporting. (1) The administrator may require any person or persons to file a report as otherwise prescribed in this section, except that the administrator may specify a deadline after the deadline specified in s. 177.0403. (2) The administrator may require any person to file a report even if the person believes the person is not in possession of any property reportable or deliverable under this chapter.History:  2021 a. 87.
WI Stat § 177.0501 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0501 - Notice to apparent owner by holder.

177.0501  Notice to apparent owner by holder. (1) Subject to sub. (2), the holder of property presumed abandoned shall send to the apparent owner notice by 1st class mail that complies with s. 177.0502, in a format acceptable to the administrator, not more than 120 days nor less than 60 days before filing the report under s. 177.0401, if all of the following apply:(a) The holder has in the holder's records an address for the apparent owner that the records do not indicate to be invalid and that is sufficient to direct the delivery of 1st class mail to the apparent owner.(b) The value of the property is $50 or more. (2) If an apparent owner has consented to receive e-mail delivery from the holder, the holder shall send the notice described in sub. (1) both by 1st class mail to the apparent owner's last-known mailing address and by e-mail, unless the holder believes that the apparent owner's e-mail address is invalid.History:  2021 a. 87.
WI Stat § 177.0502 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0502 - Contents of notice by holder.

177.0502  Contents of notice by holder. (1) Notice under s. 177.0501 shall contain a heading that reads substantially as follows: “Notice. The State of Wisconsin requires us to notify you that your property may be transferred to the custody of the state's unclaimed property administrator if you do not contact us before (the date that is 30 days after the date of the notice).” (2) The notice under s. 177.0501 shall do all of the following:(a) Identify the nature and, except for property that does not have a fixed value, the value of the property that is the subject of the notice.(b) State that the property will be turned over to the administrator.(c) State that after the property is turned over to the administrator an apparent owner that seeks return of the property shall file a claim with the administrator.(d) State that the property may be sold by the administrator.(e) Provide instructions that the apparent owner shall follow to prevent the holder from reporting and paying or delivering the property to the administrator.History:  2021 a. 87; s. 35.17 correction in (2) (d).
WI Stat § 177.0504 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0504 - Cooperation among state officers and agencies to locate apparent owners.

177.0504  Cooperation among state officers and agencies to locate apparent owners. Unless otherwise prohibited by law, at the request of the administrator, each officer, agency, board, commission, division, or department of this state, any body politic or corporate created by this state for a public purpose, and each political subdivision of this state shall make its books and records available to the administrator and cooperate with the administrator to determine the current address of an apparent owner of property held by the administrator under this chapter.History:  2021 a. 87.
WI Stat § 177.0505 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0505 - Tax return identification of apparent owners.

177.0505  Tax return identification of apparent owners. (1) Annually, before July 1, the administrator shall determine if either of the following applies to any apparent owner of abandoned property under s. 177.0503:(a) The apparent owner has filed a tax return in the 14 months preceding the determination.(b) The apparent owner is a debtor under s. 71.93 or 71.935. (2) For any person who is identified in sub. (1) and who is not a debtor under sub. (1) (b), the administrator shall do the following:(a) Deliver the property to the apparent owner, in the manner provided under s. 177.0903, without requiring the apparent owner to file a claim under s. 177.0903, if the value of the abandoned property is $2,000 or less.(b) Send written notice to the person, informing the person that he or she is the owner of abandoned property held by the state and may file a claim with the administrator for return of the property under s. 177.0903, if the value of the abandoned property is over $2,000. (3) For any person who is identified in sub. (1) and who is a debtor under sub. (1) (b), the administrator shall set off the abandoned property against the person's debts under s. 71.93 or 71.935. If there is any remaining property after setoff, the administrator shall proceed under sub. (2) (a) or (b). (4) Any property paid or delivered to a person under this section is subject to recovery by the administrator as provided in s. 177.1206 and this chapter.History:  2021 a. 87; s. 35.17 correction in (2) (intro.), (3).
WI Stat § 177.0601 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0601 - Definition of good faith.

177.0601  Definition of good faith. In this subchapter, payment or delivery of property is made in good faith if any of the following applies: (1) The holder had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this chapter. (2) The holder made payment or delivery in response to a demand by the administrator or administrator's agent or under guidance or a ruling issued by the administrator that the holder reasonably believed required or permitted the property to be paid or delivered.History:  2021 a. 87.
WI Stat § 177.0602 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0602 - Dormancy charge.

177.0602  Dormancy charge. (1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if all of the following apply:(a) A valid written contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner's failure to claim the property within a specified time.(b) The holder regularly imposes the charge and regularly does not reverse or otherwise cancel or not collect the charge. (2) The amount of the deduction under sub. (1) is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner's property and any services received by the apparent owner.History:  2021 a. 87.
WI Stat § 177.0603 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0603 - Payment or delivery of property to administrator.

177.0603  Payment or delivery of property to administrator. (1) Except as otherwise provided in this section, upon filing a report under s. 177.0401, the holder shall pay or deliver to the administrator the property described in the report. (2) If property in a report under s. 177.0401 is an automatically renewable deposit and a penalty or forfeiture in the payment of interest would result from paying the deposit to the administrator at the time of the report, the date for payment of the property to the administrator is extended until a penalty or forfeiture no longer would result from payment, if the holder informs the administrator of the extended date. (3) After filing the report under s. 177.0401, property in a safe deposit box shall be delivered to the administrator no later than December 1. (4) If property reported to the administrator under s. 177.0401 is a security, the administrator may do any of the following:(a) Make an endorsement, instruction, or entitlement order on behalf of the apparent owner to invoke the duty of the issuer, its transfer agent, or the securities intermediary to transfer the security.(b) Dispose of the security under s. 177.0702. (5) If the holder of property reported to the administrator under s. 177.0401 is the issuer of a certificated security, the administrator may obtain a replacement certificate in physical or book-entry form under s. 408.405. An indemnity bond is not required for purposes of this subsection. (6) The administrator shall establish procedures for the registration, issuance, method of delivery, transfer, and maintenance of securities delivered to the administrator by a holder. (7) An issuer, holder, or transfer agent, or other person acting under this section under instructions of and on behalf of the issuer or holder, is not liable to the apparent owner for, and shall be indemnified by the state against, a claim arising with respect to property after the property has been delivered to the administrator.History:  2021 a. 87.
WI Stat § 177.0604 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0604 - Effect of payment or delivery of property to administrator.

177.0604  Effect of payment or delivery of property to administrator. (1) On payment or delivery of property to the administrator under this chapter, the administrator, as agent for the state, assumes custody and responsibility for safekeeping the property. A holder that pays or delivers property to the administrator in good faith and substantially complies with ss. 177.0501 and 177.0502 is relieved of liability arising thereafter with respect to payment or delivery of the property to the administrator. (2) This state shall defend and indemnify a holder against liability on a claim against the holder resulting from the payment or delivery of property to the administrator made in good faith and after the holder substantially complied with ss. 177.0501 and 177.0502.History:  2021 a. 87.
WI Stat § 177.0606 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0606 - Property removed from safe deposit box.

177.0606  Property removed from safe deposit box. Property removed from a safe deposit box and delivered to the administrator is subject to the holder's right to reimbursement for the cost of opening the box and a lien or contract providing reimbursement to the holder for unpaid rent charges for the box. The administrator shall reimburse the holder from payment made by the apparent owner in the process of claiming the safe deposit box or the proceeds remaining after deducting the expense incurred by the administrator in selling the property.History:  2021 a. 87.
WI Stat § 177.0607 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0607 - Income, interest, or gain while in the administrator's custody.

177.0607  Income, interest, or gain while in the administrator's custody. (1) If property other than money is delivered to the administrator, the owner is entitled to receive income or gain realized or accrued on the property on or before the date the property is sold. (2) Except as provided in subs. (3) and (4), when the administrator pays to a claimant property in the form of money, including property described in sub. (1) that is converted to money, the administrator shall pay simple interest on that money for the period that it was in the custody of the administrator or this state at an annual rate equal to the applicable annual federal long-term rate determined under section 1274 (d) of the Internal Revenue Code in effect on December 31 of the year prior to the year in which the claim is paid. (3) Interest shall not accrue:(a) On property in the form of money that is less than $100.(b) On property recovered by a holder under s. 177.0605.(c) Before January 2, 2019, except as provided in sub. (4). (4) Property received by the administrator before January 2, 2019, that was interest-bearing to the holder at the time of receipt by the administrator or this state shall accrue interest while in possession of the administrator or this state at a rate of 6 percent per year or any lesser rate the property earned while in the possession of the holder. Interest begins to accrue when the property is delivered to the administrator and ceases on the earlier of the date on which payment is made to the owner or January 1, 2019. If the property is still in the possession of the administrator or this state on January 2, 2019, interest shall accrue as described in sub. (2). No interest on interest-bearing property is payable for any period before December 31, 1984.History:  2021 a. 87; s. 35.17 correction in (4).
WI Stat § 177.0608 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0608 - Administrator's options as to custody.

177.0608  Administrator's options as to custody. The administrator may decline to take custody of property reported under s. 177.0401 if the administrator determines that any of the following applies: (1) The property has a value less than the estimated expenses of notice and sale of the property. (2) Taking custody of the property would be unlawful. (3) The property is not subject to custody or escheatment under this chapter.History:  2021 a. 87.
WI Stat § 177.0609 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0609 - Disposition of property having no substantial value; immunity from liability.

177.0609  Disposition of property having no substantial value; immunity from liability. (1) If the administrator takes custody of property delivered under this chapter and later determines that the property has no substantial commercial value or that the cost of disposing of the property exceeds the value of the property, the administrator may return the property to the holder or destroy or otherwise dispose of the property. (2) An action or proceeding may not be commenced against the state, an agency of the state, the administrator, another officer, employee, or agent of the state, or a holder for or because of an act of the administrator under this section.History:  2021 a. 87.
WI Stat § 177.0610 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0610 - Periods of limitation and repose.

177.0610  Periods of limitation and repose. (1) Expiration, before, on, or after November 7, 2021, of a period of limitation on an owner's right to receive or recover property, whether specified by contract or court order, and notwithstanding any law to the contrary, does not prevent the property from being presumed abandoned or affect the duty of a holder under this chapter to file a report or pay or deliver property to the administrator. (2) The administrator may not commence an action or proceeding to enforce this chapter with respect to the reporting, payment, or delivery of property reported to the administrator more than 5 years after the holder filed a nonfraudulent report and reported the property under s. 177.0401 to the administrator. (3) If a holder is required to file a report under s. 177.0401 and fails to do so, or if a holder files a report but does not report property required to be included with the report under s. 177.0401, the administrator may not commence an action, proceeding, or examination with respect to the reporting, payment, or delivery of the unreported property more than 7 years after the holder's duty to report arose. (4) Subsections (1) to (3) do not apply in the case of the filing of a fraudulent report or to any collection action or proceeding under s. 177.1201 or 177.1206. (5) For purposes of this section, the administrator and holder may extend any period of limitation by written agreement.History:  2021 a. 87.
WI Stat § 177.0701 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0701 - Public sale of property.

177.0701  Public sale of property. (1) Except as provided in ss. 177.0702 and 177.1504, the administrator shall sell abandoned property within 3 years after receiving the property. (2) Before selling property under sub. (1), the administrator shall give notice to the public of the date of the sale and include with the notice a reasonable description of the property. (3) Except as provided under sub. (4), a sale under sub. (1) shall be to the highest bidder by any of the following means:(a) At a public sale at a location in this state that the administrator determines to be the most favorable market for the property.(b) On the Internet.(c) On another forum that the administrator determines is likely to yield the highest net proceeds. (4) The administrator may decline the highest bid at a sale under this section and re-offer the property for sale if the administrator determines the highest bid is insufficient. (5) If a sale held under this section is to be conducted other than on the Internet, the administrator shall publish at least one notice of the sale, at least 3 weeks but not more than 5 weeks before the sale, in a newspaper of general circulation in the county in which the property is sold.History:  2021 a. 87; s. 35.17 correction in (5).
WI Stat § 177.0702 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0702 - Disposal of securities.

177.0702  Disposal of securities. (1) Unless the administrator determines that it is in the best interest of this state to do otherwise, the administrator shall hold all securities for at least one year before selling them. (2) The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The administrator may sell a security not listed on an established exchange by any commercially-reasonable method.History:  2021 a. 87.
WI Stat § 177.0703 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0703 - Purchaser owns property after sale.

177.0703  Purchaser owns property after sale. A purchaser of property at a sale conducted by the administrator under this chapter takes the property free of all claims of the owner, a previous holder, a creditor, or a person claiming an interest through the owner or holder. The administrator shall execute documents necessary to complete the transfer of ownership to the purchaser.History:  2021 a. 87.
WI Stat § 177.0704 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0704 - Military medal or decoration.

177.0704  Military medal or decoration. (1) The administrator may not sell a medal or decoration awarded for service in the U.S. armed forces. (2) The administrator may deliver a medal or decoration as described under sub. (1) to any of the following entities, with the entity's consent, to hold in custody for the owner:(a) An entity organized under section 501 (c) (19) of the Internal Revenue Code.(b) The agency that awarded the medal or decoration.(c) A governmental entity. (3) The administrator is not responsible for the safekeeping of a medal or decoration after it is delivered to an entity under sub. (2).History:  2021 a. 87.
WI Stat § 177.0801 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0801 - Deposit of funds by administrator.

177.0801  Deposit of funds by administrator. (1) Except as provided in sub. (2), the administrator shall deposit in the common school fund all funds received under this chapter, including proceeds from the sale of property under subch. VII and amounts received from the redemption of U.S. savings bonds under s. 177.1504. (2) The administrator shall deposit in the general fund an amount that the administrator reasonably estimates is sufficient to pay claims allowed under this chapter and administrative expenses. For purposes of this subsection, “administrative expenses” means any of the following:(a) Expenses for the disposition of property delivered to the administrator.(b) Costs of mailing and publication in connection with property delivered to the administrator.(c) Reasonable service charges.(d) Expenses incurred in examining records of or collecting property from a putative holder or holder.(e) Any costs in connection with the sale of abandoned property.(f) Any costs in connection with the action under s. 177.0907 [s. 177.1504 (1)] and the redemption of a U.S. savings bond under s. 177.0907 [s. 177.1504 (5)].NOTE:  The correct cross-references are shown in brackets. Corrective legislation is pending.(g) Salaries of the employees of the office of the state treasurer and the administrator that are attributable to the administration of this chapter.(h) Any costs in connection with the payment of interest under s. 177.0607.History:  2021 a. 87.
WI Stat § 177.0802 (2021)
2021 Wisconsin Statutes & Annotations|Chapter 177 - Uniform unclaimed property act.|177.0802 - Administrator to retain records of property.

177.0802  Administrator to retain records of property. The administrator shall do all of the following: (1) Record the name, last-known address, social security number or taxpayer identification number, and date of birth of each person shown on a report filed under s. 177.0401 to be the apparent owner of property delivered to the administrator. (2) Record the name, last-known address, social security number or taxpayer identification number, and date of birth of each insured or annuitant and beneficiary shown on the report. (3) For each policy of insurance or annuity contract listed in the report of an insurance company, record the policy or account number, the name of the company, and the amount due or paid. (4) For each apparent owner listed in the report, record the name of the holder that filed the report and the amount due or paid. (5) For each U.S. savings bond, record the name and last-known address of each owner of the U.S. savings bond and the issue date, face amount, and serial number of the U.S. savings bond.History:  2021 a. 87.