1177.0501 Notice to apparent owner by holder. (1) Subject to sub. (2), the
2holder of property presumed abandoned shall send to the apparent owner notice by
31st class mail that complies with s. 177.0502, in a format acceptable to the
4administrator, not more than 120 days nor less than 60 days before filing the report
5under s. 177.0401, if all of the following apply:

SB370,38,86 (a) The holder has in the holder's records an address for the apparent owner
7that the records do not indicate to be invalid and that is sufficient to direct the
8delivery of 1st class mail to the apparent owner.

SB370,38,99 (b) The value of the property is $50 or more.

SB370,38,13 10(2) If an apparent owner has consented to receive e-mail delivery from the
11holder, the holder shall send the notice described in sub. (1) both by 1st class mail to
12the apparent owner's last-known mailing address and by e-mail, unless the holder
13believes that the apparent owner's e-mail address is invalid.

SB370,38,19 15177.0502 Contents of notice by holder. (1) Notice under s. 177.0501 shall
16contain a heading that reads substantially as follows: “Notice. The State of
17Wisconsin requires us to notify you that your property may be transferred to the
18custody of the state's unclaimed property administrator if you do not contact us
19before (the date that is 30 days after the date of the notice).”

SB370,38,20 20(2) The notice under s. 177.0501 shall do all of the following:

SB370,38,2221 (a) Identify the nature and, except for property that does not have a fixed value,
22the value of the property that is the subject of the notice.

SB370,38,2323 (b) State that the property will be turned over to the administrator.

SB370,38,2524 (c) State that after the property is turned over to the administrator an apparent
25owner that seeks return of the property shall file a claim with the administrator.

SB370,39,1

1(d) State that property may be sold by the administrator.

SB370,39,32 (e) Provide instructions that the apparent owner shall follow to prevent the
3holder from reporting and paying or delivering the property to the administrator.

SB370,39,55 177.0503 (1b) A notice under sub. (1) shall contain all of the following:

SB370,39,86 (a) The names in alphabetical order and the last-known addresses, if any, of
7persons listed in the report and entitled to notice within the county, as specified in
8sub. (1).

SB370,39,119 (b) A statement that information concerning the property and the name and
10last-known address of the holder may be obtained by any person possessing an
11interest in the property by addressing an inquiry to the administrator.

SB370,39,1513 177.0503 (1d) The administrator is not required to publish notice of any item
14with a value of less than $50 unless the administrator determines the publication to
15be in the public interest.

SB370,39,1917 177.0503 (2n) (a) The administrator may publish, on behalf of the department
18of children and families, the name and address of an apparent owner of uncashed
19child support payments.

SB370,39,2220 (b) At least quarterly, the department of children and families shall reimburse
21the administrator, based on information provided by the administrator, for any
22administrative expenses incurred under par. (a).

SB370,40,6 24177.0504 Cooperation among state officers and agencies to locate
25apparent owners. Unless otherwise prohibited by law, at the request of the

1administrator, each officer, agency, board, commission, division, or department of
2this state, any body politic or corporate created by this state for a public purpose, and
3each political subdivision of this state shall make its books and records available to
4the administrator and cooperate with the administrator to determine the current
5address of an apparent owner of property held by the administrator under this
6chapter.

SB370,40,10 8177.0505 Tax return identification of apparent owners. (1) Annually,
9before July 1, the administrator shall determine if either of the following applies to
10any apparent owner of abandoned property under s. 177.0503:

SB370,40,1211 (a) The apparent owner has filed a tax return in the 14 months preceding the
12determination.

SB370,40,1313 (b) The apparent owner is a debtor under s. 71.93 or 71.935.

SB370,40,15 14(2) For any person who is identified in sub. (1) and who is not a debtor under
15sub (1) (b), the administrator shall do the following: