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2. If the 2nd communication is sent later than 30 days after the date on which
5the first communication is returned to the holder by the U.S. postal service as
6undeliverable, the date on which the first communication was returned as
7undeliverable.
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(b) The earlier of the following dates:
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1. The date on which the apparent owner reaches the required minimum
10distribution age, as specified under the Internal Revenue Code or by federal
11regulation, if that can be determined by the holder.
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2. If distribution to avoid a tax penalty is required under the Internal Revenue
13Code, 2 years after the following:
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a. The date on which the holder receives confirmation of the death of the
15apparent owner in the ordinary course of the holder's business.
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b. The date on which the holder confirms the death of the apparent owner under
17sub. (2).
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18(2) If a holder in the ordinary course of its business receives notice or an
19indication of the death of an apparent owner and sub. (1) (b) applies, the holder shall
20attempt not later than 90 days after receipt of the notice or indication to confirm
21whether the apparent owner is deceased.
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22(3) If the holder does not send communications to the apparent owner of an
23account described in sub. (1) by 1st class mail, the holder shall attempt to confirm
24the apparent owner's interest in the property by sending the apparent owner e-mail
25not later than 2 years after the apparent owner's last indication of interest in the
1property, except that the holder shall promptly attempt to contact the apparent
2owner by 1st class mail if any of the following applies:
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(a) The holder does not have information needed to send the apparent owner
4e-mail or the holder believes that the apparent owner's e-mail address in the
5holder's records is not valid.
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(b) The holder receives notification that the e-mail was not received.
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(c) The apparent owner does not respond to the e-mail within 30 days from the
8date on which the e-mail was sent.
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9(4) If 1st class mail sent under sub. (3) is returned to the holder by the U.S.
10postal service as undeliverable, the property is presumed abandoned on the date
11determined under sub. (1).”.
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137. Page 21, line 15: delete “The date" and substitute “If the date on which the
14minor's custodian is required to transfer the property to the minor has passed, the
15date".
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168. Page 21, line 18: after “If" insert “the date on which the minor's custodian
17is required to transfer the property to the minor has passed and if".
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189. Page 22, line 14: delete the material beginning with “3" and ending with
19“returned" on line 15 and substitute “on the date determined under sub. (1)”.
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22“
Section 82b. 177.0503 (1b) of the statutes is created to read:
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177.0503
(1b) A notice under sub. (1) shall contain all of the following:
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1(a) The names in alphabetical order and the last-known addresses, if any, of
2persons listed in the report and entitled to notice within the county, as specified in
3sub. (1).
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(b) A statement that information concerning the property and the name and
5last-known address of the holder may be obtained by any person possessing an
6interest in the property by addressing an inquiry to the administrator.
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7Section 82d. 177.0503 (1d) of the statutes is created to read:
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177.0503
(1d) The administrator is not required to publish notice of any item
9with a value of less than $50 unless the administrator determines the publication to
10be in the public interest.”.
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1415. Page 57, line 22: delete the material beginning with “177.1002" and
15ending with “person" on line 25 and substitute “177.1002, petition a court to
16determine the liability of such holder based on the court's findings as to a reasonable
17estimate of the amount due”.
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21“(a) Reports and records of a claimant that are in the possession of the
22administrator or the administrator's agent.”.
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120. Page 71, line 5: after “extension." insert “The administrator shall make
2efforts to provide information to interested parties regarding the voluntary
3disclosure period provided under this subsection.".
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8“177.1002
(2) If an examination of the records of a person results in the
9disclosure discovery of property reportable and deliverable under this chapter, the
10administrator may assess the cost of the examination against the holder at the rate
11of $150 a day for each examiner, but the charges may not exceed the value of the
12property found to be reportable and deliverable. The cost of examination under sub.
13(3) may be imposed only against the business association person shall file a report
14and deliver the property to the administrator. If the property is not reported and
15delivered, the administrator shall assess the person for the value of the property.”.
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17“
Section 173d. 177.30 (5) of the statutes is renumbered 177.1004 and
18amended to read:
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19177.1004 Failure of person to maintain records. If a holder
, after
20December 31, 1984, fails to maintain the records required under s.
177.31 177.0404,
21and the records of the holder available for the periods subject to this chapter are
22insufficient to permit the preparation of a report, a court may determine the liability
23of such holder based on the court's findings as to a reasonable estimate of the amount
24due.”.
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2“
Section 175d. 177.30 (7) of the statutes is renumbered 177.1005 (4).”.
