SB756,50,5 (1) Record the name, last-known address, social security number or taxpayer identification number, and date of birth of each person shown on a report filed under s. 177.0401 to be the apparent owner of property delivered to the administrator.

SB756,50,8 (2) Record the name, last-known address, social security number or taxpayer identification number, and date of birth of each insured or annuitant and beneficiary shown on the report.

SB756,50,11 (3) For each policy of insurance or annuity contract listed in the report of an insurance company, record the policy or account number, the name of the company, and the amount due or paid.

SB756,50,13 (4) For each apparent owner listed in the report, record the name of the holder that filed the report and the amount due or paid.

SB756,50,16 (5) For each U.S. savings bond, record the name and last-known address of each owner of the U.S. savings bond and the issue date, face amount, and serial number of the U.S. savings bond.

SB756,109 Section 109. 177.0803 of the statutes is created to read:

SB756,50,21 177.0803 Administrator holds property as custodian for owner. Subject to subch. XIV, the information recorded by the administrator under s. 177.0802 is not available for inspection or copying under s. 19.35 (1) until 12 months after payment or delivery of the property is due under s. 177.0403.

SB756,110 Section 110. 177.09 of the statutes is renumbered 177.0215.

SB756,111 Section 111 . Subchapter IX (title) of chapter 177 [precedes 177.0901] of the statutes is created to read:

SB756,50,25 CHAPTER 177

SB756,51,1 SUBCHAPTER IX

SB756,51,2 Claim to recover property

SB756,51,3 from administrator

SB756,112 Section 112. 177.0901 of the statutes is created to read:

SB756,51,9 177.0901 Claim of another state to recover property. (1) If the administrator knows that property held by the administrator under this chapter is subject to a superior claim of another state, the administrator shall report and pay or deliver the property to the other state or return the property to the holder so that the holder may pay or deliver the property to the other state.

SB756,51,11 (2) The administrator may enter into an agreement to transfer property to the other state under sub. (1).

SB756,113 Section 113. 177.0902 of the statutes is created to read:

SB756,51,15 177.0902 When property subject to recovery by another state. (1) Property held under this chapter by the administrator is subject to the right of another state to take custody of the property if any of the following applies:

SB756,51,21 (a) The property was paid or delivered to the administrator because the records of the holder did not reflect a last-known address in the other state of the apparent owner and the other state establishes that the last-known address of the apparent owner or other person entitled to the property was in the other state or, under the law of the other state, the property has become subject to a claim by the other state of abandonment.

SB756,51,25 (b) The records of the holder did not accurately identify the owner of the property, the last-known address of the owner was in another state, and, under the law of the other state, the property has become subject to a claim by the other state of abandonment.

SB756,52,4 (c) The property was subject to the custody of the administrator of this state under s. 177.0305 and, under the law of the state of domicile of the holder, the property has become subject to a claim by the state of domicile of the holder of abandonment.

SB756,52,8 (d) The property is a sum payable on a traveler's check, money order, or similar instrument that was purchased in the other state and delivered to the administrator under s. 177.0306 and, under the law of the other state, has become subject to a claim by the other state of abandonment.

SB756,52,11 (2) A claim by another state to recover property under this section must be presented in a form prescribed by the administrator, unless the administrator waives presentation of the form.

SB756,52,16 (3) The administrator shall make a decision regarding each claim under this section no later than 90 days after the claim is presented to the administrator. If the administrator determines that the other state is entitled under sub. (1) to custody of the property, the administrator shall allow the claim and pay or deliver the property to the other state.

SB756,52,19 (4) The administrator may require another state, before recovering property under this section, to agree to indemnify this state and its agents, officers, and employees against any liability on a claim to the property.

SB756,114 Section 114. 177.0903 of the statutes is created to read:

SB756,52,25 177.0903 Claim for property by person claiming to be owner. (1) A person claiming to be the owner of property held under this chapter by the administrator may file a claim for the property on a form prescribed by the administrator. The claimant shall verify the claim as to its completeness and accuracy.

SB756,53,5 (2) The administrator may waive the requirement under sub. (1) and may pay or deliver property directly to a person if the person receiving the property or payment is shown to be the apparent owner included on a report filed under s. 177.0401 and the administrator reasonably believes the person is entitled to receive the property or payment.

SB756,53,8 (3) If a claim is submitted by a locator service that enters into an agreement under subch. XIII, a copy of the agreement shall be filed with the claim, otherwise the administrator shall deny the claim.