AB752,73,3 (4) This section does not apply to sums payable on travelers checks, money orders and other written instruments presumed abandoned under s. 177.04 177.0201.

AB752,156 Section 156. 177.19 of the statutes is repealed.

AB752,157 Section 157. 177.20 of the statutes is repealed.

AB752,158 Section 158. 177.21 of the statutes is repealed.

AB752,159 Section 159. 177.22 of the statutes is repealed.

AB752,160 Section 160. 177.225 of the statutes is renumbered 177.1504, and 177.1504 (1) (a) to (c) and (2), as renumbered, are amended to read:

AB752,73,11 177.1504 (1) (a) The U.S. savings bond has been presumed abandoned under s. 177.135 177.0206 for at least one year.

AB752,73,13 (b) The U.S. savings bond is subject to the custody of this state as unclaimed property under s. 177.03 subch. III.

AB752,73,15 (c) At least one year has elapsed since the administrator published the notice required under s. 177.18 (1g) 177.0503.

AB752,73,24 (2) An action under sub. (1) may be commenced in the circuit court for Dane County or in any county that would be a proper place of trial under s. 801.50. Subject to sub. (3), service may be made under s. 801.11 (1) (c) by publication of a notice published as a class 3 notice under ch. 985. In determining which newspaper is likely to give notice as required under s. 985.02 (1), the administrator shall consider the conditions under s. 177.03 177.0503 that made the U.S. savings bond subject to the custody of this state as unclaimed property. The administrator may postpone commencing an action under this subsection until sufficient U.S. savings bonds meet the conditions under sub. (1) to justify the expense of the action.

AB752,161 Section 161. 177.23 of the statutes is repealed.

AB752,162 Section 162. 177.24 of the statutes is repealed.

AB752,163 Section 163. 177.25 of the statutes is repealed.

AB752,164 Section 164. 177.255 of the statutes is renumbered 177.0907 and amended to read:

AB752,74,19 177.0907 Claim to recover abandoned U.S. savings bond. Notwithstanding s. 177.225 177.1504, any person who could have claimed an interest in a U.S. savings bond immediately before this state became the owner of the U.S. savings bond pursuant to a judgment entered under s. 177.225 177.1504 (4) may file a claim under s. 177.24 177.0903, and another state may file a claim under s. 177.25 177.0901. Notwithstanding s. 177.24 (3) 177.0607 or 177.25 (2) 177.0902, if the claim is allowed, the administrator shall pay the claimant the amount the administrator received from redeeming the U.S. savings bond under s. 177.225 (5) 177.1504, minus any amounts that were deposited in the general fund to pay administrative expenses under s. 177.23 (2) 177.0803 that are attributable to the U.S. savings bond, or, if the U.S. savings bond has not been redeemed, the amount the administrator estimates the administrator will receive from redeeming the U.S. savings bond under s. 177.225 (5) 177.1504, minus any amounts the administrator estimates will be deposited in the general fund to pay administrative expenses under s. 177.23 (2) 177.0803 that are attributable to the U.S. savings bond.

AB752,165 Section 165. 177.26 of the statutes is repealed.

AB752,166 Section 166. 177.265 of the statutes is repealed.

AB752,167 Section 167. 177.27 of the statutes is repealed.

AB752,168 Section 168. 177.28 of the statutes is repealed.

AB752,169 Section 169. 177.29 of the statutes is repealed.

AB752,170 Section 170. 177.30 (2) of the statutes is renumbered 177.1002 (1) and amended to read:

AB752,75,11 177.1002 (1) The administrator, at reasonable times and upon reasonable notice, may examine the records of any person to determine whether the person has complied with this chapter. The administrator may authorize an agent, under written contract with the administrator, to conduct any such examination. In addition, the administrator may designate the division of banking or other appropriate regulatory authority to examine the records of regulated institutions to determine if the institutions have complied with this chapter. The administrator may conduct the examination even if the person believes it is not in possession of any property reportable or deliverable under this chapter.

AB752,171 Section 171. 177.30 (3) of the statutes is renumbered 177.1002 (5) and amended to read:

AB752,75,18 177.1002 (5) If a person is treated under s. 177.12 177.0213 as the holder of the property only insofar as the interest of the business association in the property is concerned, the administrator may examine the records of the person as provided under sub. (2) (1) if the administrator has given the required notice to both the person and the business association at least 90 days before the examination.

AB752,172 Section 172. 177.30 (4) of the statutes is renumbered 177.1002 (2) and amended to read:

AB752,76,2 177.1002 (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 shall assess the total value of the property against the person and 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) (5) may be imposed only against the business association.

AB752,173 Section 173. 177.30 (5) of the statutes is repealed.

AB752,174 Section 174. 177.30 (6) of the statutes is renumbered 177.1005 and amended to read:

AB752,76,11 177.1005 Administrator's contract with another to conduct examination. (1) Except as provided in pars. (b) and (c) subs. (2) and (3), the administrator may not enter into a contract or other agreement to allow any person to engage in an audit on a contingent fee basis of another person's documents or records as part of an effort to administer this chapter or to purchase information or documents arising from the audit.