895.42 Deposit of undistributed money and property by personal representatives and others.
171 words·~1 min read·
/wi/chapter-895/895-42-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
895.42 Deposit of undistributed money and property by personal representatives and others.
(a)In this subsection, “trust company” means any trust company or any state or national bank in this state that is authorized to exercise trust powers.
(b)If in any proceeding in any court of record it is determined that moneys or other personal property in the custody of or under the control of any personal representative, trustee, receiver, or other officer of the court, belongs to a natural person if the person is alive, or to an artificial person if it is in existence and entitled to receive, and otherwise to some other person, and the court finds any of the following, the court may direct the officer having custody or control of the money or property to deposit the money or property with any trust company:
1. That there is not sufficient evidence showing that the natural person first entitled to take is alive, or that the artificial person is in existence and entitled to receive.