AB325,31,4
1177.0302 Address of apparent owner in this state. Unless otherwise
2provided in this chapter or by another law of this state, if property is presumed
3abandoned, the property is subject to reporting to and custody of this state whether
4located in this state, another state, or a foreign country if any of the following applies:
AB325,31,6 5(1) The last-known address of the apparent owner in the records of the holder
6is in this state.
AB325,31,9 7(2) The records of the holder do not reflect the identity or last-known address
8of the apparent owner, but the administrator has determined that the last-known
9address of the apparent owner is in this state.
AB325,31,12 10(3) The records of the holder do not reflect the identity of the apparent owner,
11but the records of the holder do reflect that the last-known address of the apparent
12owner is in this state.
AB325,67 13Section 67. 177.0303 of the statutes is created to read:
AB325,31,19 14177.0303 If records show multiple addresses of apparent owner. (1)
15Except as provided in sub. (2), if records of a holder reflect multiple addresses for an
16apparent owner and this state is the state of the most recently recorded address, the
17property is subject to reporting to and custody of this state and the administrator
18may take custody of property presumed abandoned, whether located in this state or
19another state.
AB325,31,24 20(2) If it appears from records of the holder that the most recently recorded
21address of the apparent owner under sub. (1) is a temporary address and this state
22is the state of the next most recently recorded address that is not a temporary
23address, the property is subject to reporting to and custody of this state and the
24administrator may take custody of the property presumed abandoned.
AB325,68 25Section 68. 177.0304 of the statutes is created to read:
AB325,32,6
1177.0304 Holder domiciled in this state. (1) Except as provided in sub. (2)
2or s. 177.0302 or 177.0303, property presumed abandoned is subject to reporting to
3and custody of this state and the administrator may take custody of property
4presumed abandoned, whether located in this state, another state, or a foreign
5country, if the holder is domiciled in this state or is this state or a governmental
6subdivision, agency, or instrumentality of this state, and any of the following applies:
AB325,32,97 (a) Another state or foreign country is not entitled to the property because there
8is no last-known address of the apparent owner or other person entitled to the
9property in the records of the holder.
AB325,32,1210 (b) The state or foreign country of the last-known address of the apparent
11owner or other person entitled to the property does not provide for custodial taking
12of the property.
AB325,32,15 13(2) Property is not subject to the custody of the administrator under sub. (1)
14if the property is specifically exempt from custodial taking under the laws of this
15state or the state or foreign country of the last-known address of the apparent owner.
AB325,32,19 16(3) If a holder's state of domicile has changed since the time the property was
17presumed abandoned, the holder's state of domicile for purposes of this section is
18deemed to be the state where the holder was domiciled at the time the property was
19presumed abandoned.
AB325,69 20Section 69. 177.0305 of the statutes is created to read:
AB325,32,25 21177.0305 Custody if transaction took place in this state. Except as
22provided in ss. 177.0302, 177.0303, or 177.0304, property presumed abandoned is
23subject to reporting to and custody of this state and the administrator may take
24custody of property presumed abandoned whether located in this state or another
25state if any of the following applies:
AB325,33,1
1(1) The transaction out of which the property arose took place in this state.
AB325,33,5 2(2) The holder is domiciled in a state that does not provide for the custodial
3taking of the property, except that if the property is specifically exempt from
4custodial taking under the law of the state of the holder's domicile, the property is
5not subject to the custody of the administrator.
AB325,33,10 6(3) The last-known address of the apparent owner or other person entitled to
7the property is unknown or in a state that does not provide for the custodial taking
8of the property, except that if the property is specifically exempt from custodial
9taking under the law of the state of the last-known address, the property is not
10subject to the custody of the administrator.
AB325,70 11Section 70. 177.0306 of the statutes is created to read:
AB325,33,15 12177.0306 Travelers check, money order, or similar instrument. Sums
13payable on a travelers check, money order, or similar instrument presumed
14abandoned are subject to reporting to and custody of this state and the administrator
15may take custody of such sums to the extent permitted under 12 USC 2501 to 2503.
AB325,71 16Section 71. 177.0307 of the statutes is created to read:
AB325,33,20 17177.0307 Virtual currency. Virtual currency presumed abandoned is subject
18to reporting and custody of this state if the holder is able to convert virtual currency
19to U.S. currency by sale, exchange, or any other disposition. The holder shall convert
20the virtual currency to U.S. currency for delivery to the administrator.
AB325,72 21Section 72. 177.0308 of the statutes is created to read:
AB325,34,2 22177.0308 Hazardous or dangerous items found in safe deposit box.
23Thirty days prior to delivery of any hazardous or dangerous items such as guns,
24chemicals, or explosives under s. 177.0205, the holder shall provide written notice

1to the administrator and deliver the hazardous or dangerous items as required by
2the administrator.
AB325,73 3Section 73. 177.04 of the statutes is repealed.
AB325,74 4Section 74 . Subchapter IV (title) of chapter 177 [precedes 177.0401] of the
5statutes is created to read:
AB325,34,66 CHAPTER 177
AB325,34,77 SUBCHAPTER iV
AB325,34,88 report by holder