SB370,33,15 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.

SB370,33,20 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.

SB370,34,2 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.

SB370,74 4Section 74 . Subchapter IV (title) of chapter 177 [precedes 177.0401] of the
5statutes is created to read:

SB370,34,12 10177.0401 Report required by holder. (1) (a) A holder of property presumed
11abandoned and subject to the custody of the administrator shall report in a record
12to the administrator concerning the property.

SB370,34,1413 (b) A holder shall report electronically in a format approved by the
14administrator, unless the administrator approves another method.

SB370,34,16 15(2) A holder may contract with a 3rd party to make the report required under
16sub. (1).

SB370,34,20 17(3) Regardless of whether a holder enters into a contract under sub. (2), the
18holder is responsible to the administrator for the complete, accurate, and timely
19reporting of property presumed abandoned and for paying or delivering the property
20described in the report to the administrator.

SB370,35,2 22177.0402 Content of report. (1) The report required under s. 177.0401 shall
23be signed by or on behalf of the holder and verified as to its completeness and
24accuracy and be in a secure format, as approved by the administrator, that protects
25the apparent owner's confidential information in the same manner as is required of

1the administrator and administrator's agent under subch. XIV. The report shall
2contain the following information:

SB370,35,33 (a) A description of the property.

SB370,35,74 (b) Unless the property is a travelers check, money order, or similar
5instrument, the name, last-known address, social security number or taxpayer
6identification number, and date of birth of the property's apparent owner, if such
7information is known or readily ascertainable.

SB370,35,118 (c) For an amount held or owing under a life or endowment insurance policy or
9annuity contract, the name, social security number or taxpayer identification
10number, if known, date of birth, if known, and last-known address of the insured,
11annuitant, or other apparent owner of the policy or contract and of each beneficiary.

SB370,35,1512 (d) For property held in or removed from a safe deposit box or other safekeeping
13repository or for other tangible personal property, an itemized inventory and
14description of the property, including the location of the property where it may be
15inspected by the administrator and any amounts owed to the holder.

SB370,35,1616 (e) The commencement date for determining abandonment under subch. II.

SB370,35,1817 (f) A statement that the holder has complied with the notice requirements of
18s. 177.0501.

SB370,35,1919 (g) Any other information prescribed by the administrator.

SB370,35,21 20(2) A report under s. 177.0401 may include in the aggregate items valued under
21$5 each only if the apparent owner is unknown.

SB370,35,24 22(3) A report under s. 177.0401 may include personal information, as defined
23in s. 177.1401 (1), about the apparent owner or the apparent owner's property to the
24extent not otherwise prohibited by federal law.

SB370,36,5

1(4) If a holder has changed the holder's name while holding property presumed
2abandoned or is a successor to another person that previously held the property for
3the apparent owner, the holder shall include in the report under s. 177.0401 the
4holder's former name or the name of the previous holder, if any, and the known name
5and address of each previous holder of the property.