177.0207 When security presumed abandoned.
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/wi/chapter-177/177-0207A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
177.0207 When security presumed abandoned.
(1)Subject to s. 177.0210 , a security is presumed to be abandoned 3 years after the following:
(a)The date on which a 2nd consecutive communication sent by the holder by 1st class mail to the apparent owner is returned to the holder by the U.S. postal service as undeliverable.
(b)If the 2nd communication is sent by the holder to the apparent owner later than 30 days after the date on which the first communication is returned to the holder by the U.S. postal service as undeliverable, the date on which the first communication was returned as undeliverable.