177.0503 Notice by administrator.

668 words·~3 min read·/wi/chapter-177/177-0503-8

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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).

(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).

(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 .