Amendment SA1-SB756

SB756-SA1,4,11 (4) If 1st class mail sent under sub. (3) is returned to the holder by the U.S. postal service as undeliverable, the property is presumed abandoned on the date determined under sub. (1).”.

SB756-SA1,4,12 6. Page 21, line 14: delete “earliest" and substitute “later".

SB756-SA1,4,15 7. Page 21, line 15: delete “The date" and substitute “If the date on which the minor's custodian is required to transfer the property to the minor has passed, the date".

SB756-SA1,4,17 8. Page 21, line 18: after “If" insert “the date on which the minor's custodian is required to transfer the property to the minor has passed and if".

SB756-SA1,4,19 9. Page 22, line 14: delete the material beginning with “3" and ending with “returned" on line 15 and substitute “on the date determined under sub. (1)”.

SB756-SA1,4,20 10. Page 33, line 20: delete “IX" and substitute “XIV".

SB756-SA1,4,21 11. Page 37, line 23: after that line insert:

SB756-SA1,4,22 “ Section 82b. 177.0503 (1b) of the statutes is created to read:

SB756-SA1,4,23 177.0503 (1b) A notice under sub. (1) shall contain all of the following:

SB756-SA1,5,3 (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).

SB756-SA1,5,6 (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.

SB756-SA1,82d Section 82d. 177.0503 (1d) of the statutes is created to read:

SB756-SA1,5,10 177.0503 (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.”.

SB756-SA1,5,11 12. Page 50, line 17: delete lines 17 to 21.

SB756-SA1,5,12 13. Page 54, line 15: delete “177.0702" and substitute “177.0503".

SB756-SA1,5,13 14. Page 57, line 6: delete lines 6 to 12.

SB756-SA1,5,17 15. Page 57, line 22: delete the material beginning with “177.1002" and ending with “person" on line 25 and substitute “177.1002, petition a court to determine the liability of such holder based on the court's findings as to a reasonable estimate of the amount due”.

SB756-SA1,5,18 16. Page 61, line 25: delete “delivery" and substitute “deliver".

SB756-SA1,5,19 17. Page 65, line 14: delete “reasonable" and substitute “reasonably".

SB756-SA1,5,20 18. Page 66, line 14: delete lines 14 and 15 and substitute:

SB756-SA1,5,22 “(a) Reports and records of a claimant that are in the possession of the administrator or the administrator's agent.”.

SB756-SA1,5,23 19. Page 70, line 25: delete “12th" and substitute “15th".

SB756-SA1,6,3 20. Page 71, line 5: after “extension." insert “The administrator shall make efforts to provide information to interested parties regarding the voluntary disclosure period provided under this subsection.".

SB756-SA1,6,4 21. Page 74, line 14: delete “177.0803" and substitute “ 177.0801".

SB756-SA1,6,5 22. Page 74, line 19: delete “177.0803" and substitute “ 177.0801".

SB756-SA1,6,7 23. Page 75, line 21: delete the material beginning with that line and ending with page 76, line 2, and substitute:

SB756-SA1,6,15 “177.1002 (2) If an examination of the records of a person results in the disclosure discovery of property reportable and deliverable under this chapter, the administrator may assess the cost of the examination against the holder at the rate of $150 a day for each examiner, but the charges may not exceed the value of the property found to be reportable and deliverable. The cost of examination under sub. (3) may be imposed only against the business association person shall file a report and deliver the property to the administrator. If the property is not reported and delivered, the administrator shall assess the person for the value of the property.”.

SB756-SA1,6,16 24. Page 76, line 3: delete that line and substitute:

SB756-SA1,6,18 “ Section 173d. 177.30 (5) of the statutes is renumbered 177.1004 and amended to read:

SB756-SA1,6,24 177.1004 Failure of person to maintain records. If a holder, after December 31, 1984, fails to maintain the records required under s. 177.31 177.0404, and the records of the holder available for the periods subject to this chapter are insufficient to permit the preparation of a report, a court may determine the liability of such holder based on the court's findings as to a reasonable estimate of the amount due.”.

SB756-SA1,7,1 25. Page 76, line 19: delete lines 19 to 25 and substitute:

SB756-SA1,7,2 “ Section 175d. 177.30 (7) of the statutes is renumbered 177.1005 (4).”.

SB756-SA1,7,3 (End)