AB325,32,9 (a) Another state or foreign country is not entitled to the property because there is no last-known address of the apparent owner or other person entitled to the property in the records of the holder.

AB325,32,12 (b) The state or foreign country of the last-known address of the apparent owner or other person entitled to the property does not provide for custodial taking of the property.

AB325,32,15 (2) Property is not subject to the custody of the administrator under sub. (1) if the property is specifically exempt from custodial taking under the laws of this state or the state or foreign country of the last-known address of the apparent owner.

AB325,32,19 (3) If a holder's state of domicile has changed since the time the property was presumed abandoned, the holder's state of domicile for purposes of this section is deemed to be the state where the holder was domiciled at the time the property was presumed abandoned.

AB325,69 Section 69. 177.0305 of the statutes is created to read:

AB325,32,25 177.0305 Custody if transaction took place in this state. Except as provided in ss. 177.0302, 177.0303, or 177.0304, property presumed abandoned is subject to reporting to and custody of this state and the administrator may take custody of property presumed abandoned whether located in this state or another state if any of the following applies:

AB325,33,1 (1) The transaction out of which the property arose took place in this state.

AB325,33,5 (2) The holder is domiciled in a state that does not provide for the custodial taking of the property, except that if the property is specifically exempt from custodial taking under the law of the state of the holder's domicile, the property is not subject to the custody of the administrator.

AB325,33,10 (3) The last-known address of the apparent owner or other person entitled to the property is unknown or in a state that does not provide for the custodial taking of the property, except that if the property is specifically exempt from custodial taking under the law of the state of the last-known address, the property is not subject to the custody of the administrator.

AB325,70 Section 70. 177.0306 of the statutes is created to read:

AB325,33,15 177.0306 Travelers check, money order, or similar instrument. Sums payable on a travelers check, money order, or similar instrument presumed abandoned are subject to reporting to and custody of this state and the administrator may take custody of such sums to the extent permitted under 12 USC 2501 to 2503.

AB325,71 Section 71. 177.0307 of the statutes is created to read:

AB325,33,20 177.0307 Virtual currency. Virtual currency presumed abandoned is subject to reporting and custody of this state if the holder is able to convert virtual currency to U.S. currency by sale, exchange, or any other disposition. The holder shall convert the virtual currency to U.S. currency for delivery to the administrator.

AB325,72 Section 72. 177.0308 of the statutes is created to read:

AB325,34,2 177.0308 Hazardous or dangerous items found in safe deposit box. Thirty days prior to delivery of any hazardous or dangerous items such as guns, chemicals, or explosives under s. 177.0205, the holder shall provide written notice to the administrator and deliver the hazardous or dangerous items as required by the administrator.

AB325,73 Section 73. 177.04 of the statutes is repealed.

AB325,74 Section 74 . Subchapter IV (title) of chapter 177 [precedes 177.0401] of the statutes is created to read:

AB325,34,6 CHAPTER 177

AB325,34,7 SUBCHAPTER iV

AB325,34,8 report by holder

AB325,75 Section 75. 177.0401 of the statutes is created to read:

AB325,34,12 177.0401 Report required by holder. (1) (a) A holder of property presumed abandoned and subject to the custody of the administrator shall report in a record to the administrator concerning the property.

AB325,34,14 (b) A holder shall report electronically in a format approved by the administrator, unless the administrator approves another method.

AB325,34,16 (2) A holder may contract with a 3rd party to make the report required under sub. (1).

AB325,34,20 (3) Regardless of whether a holder enters into a contract under sub. (2), the holder is responsible to the administrator for the complete, accurate, and timely reporting of property presumed abandoned and for paying or delivering the property described in the report to the administrator.

AB325,76 Section 76. 177.0402 of the statutes is created to read:

AB325,35,2 177.0402 Content of report. (1) The report required under s. 177.0401 shall be signed by or on behalf of the holder and verified as to its completeness and accuracy and be in a secure format, as approved by the administrator, that protects the apparent owner's confidential information in the same manner as is required of the administrator and administrator's agent under subch. XIV. The report shall contain the following information:

AB325,35,3 (a) A description of the property.

AB325,35,7 (b) Unless the property is a travelers check, money order, or similar instrument, the name, last-known address, social security number or taxpayer identification number, and date of birth of the property's apparent owner, if such information is known or readily ascertainable.