AB752,74,19 5177.0907 Claim to recover abandoned U.S. savings bond.
6Notwithstanding s. 177.225 177.1504, any person who could have claimed an
7interest in a U.S. savings bond immediately before this state became the owner of the
8U.S. savings bond pursuant to a judgment entered under s. 177.225 177.1504 (4) may
9file a claim under s. 177.24 177.0903, and another state may file a claim under s.
10177.25 177.0901. Notwithstanding s. 177.24 (3) 177.0607 or 177.25 (2) 177.0902, if
11the claim is allowed, the administrator shall pay the claimant the amount the
12administrator received from redeeming the U.S. savings bond under s. 177.225 (5)
13177.1504, minus any amounts that were deposited in the general fund to pay
14administrative expenses under s. 177.23 (2) 177.0803 that are attributable to the
15U.S. savings bond, or, if the U.S. savings bond has not been redeemed, the amount
16the administrator estimates the administrator will receive from redeeming the U.S.
17savings bond under s. 177.225 (5) 177.1504, minus any amounts the administrator
18estimates will be deposited in the general fund to pay administrative expenses under
19s. 177.23 (2) 177.0803 that are attributable to the U.S. savings bond.

AB752,75,113 177.1002 (1) The administrator, at reasonable times and upon reasonable
4notice, may examine the records of any person to determine whether the person has
5complied with this chapter. The administrator may authorize an agent, under
6written contract with the administrator, to conduct any such examination. In
7addition, the administrator may designate the division of banking or other
8appropriate regulatory authority to examine the records of regulated institutions to
9determine if the institutions have complied with this chapter. The administrator
10may conduct the examination even if the person believes it is not in possession of any
11property reportable or deliverable under this chapter.

AB752,75,1814 177.1002 (5) If a person is treated under s. 177.12 177.0213 as the holder of the
15property only insofar as the interest of the business association in the property is
16concerned, the administrator may examine the records of the person as provided
17under sub. (2) (1) if the administrator has given the required notice to both the person
18and the business association at least 90 days before the examination.

AB752,76,221 177.1002 (2) If an examination of the records of a person results in the
22disclosure discovery of property reportable and deliverable under this chapter, the
23administrator shall assess the total value of the property against the person and may
24assess the cost of the examination against the holder at the rate of $150 a day for each
25examiner, but the charges may not exceed the value of the property found to be

1reportable and deliverable. The cost of examination under sub. (3) (5) may be
2imposed only against the business association.

AB752,76,11 6177.1005 Administrator's contract with another to conduct
7examination. (1) Except as provided in pars. (b) and (c) subs. (2) and (3), the
8administrator may not enter into a contract or other agreement to allow any person
9to engage in an audit on a contingent fee basis of another person's documents or
10records as part of an effort to administer this chapter or to purchase information or
11documents arising from the audit.

AB752,76,16 12(2) If a person whose documents or records are audited is not domiciled in this
13state, the administrator may enter into a contract or agreement described under par.
14(a) sub. (1) related to the person if the amount of the contingent fee under the contract
15or agreement does not exceed 12 percent of the total amount of property reportable
16and deliverable under this chapter that is disclosed by the audit.

AB752,76,18 17(3) This subsection section does not apply to information received from the
18federal government.

AB752,76,2521 177.1005 (4) The Except as provided in s. 177.1004, the administrator may not
22enter into a contract or other agreement as part of an effort to administer this chapter
23that allows a person that is engaging in an audit of another person's documents or
24records to use statistical sampling to estimate the other person's liability unless the
25other person consents to the use of an estimate.