177.27 Election to take payment or delivery. - Wisconsin Statutes

177.27

177.27 Election to take payment or delivery.

177.27(1)

(1) The administrator may decline to receive any property reported under this chapter if the administrator considers the property to have a value that is less than the anticipated expense of notice and sale. If the administrator elects not to receive custody of the property, the holder shall be notified within 120 days after filing the report required under s. 177.17.

177.27(2)

(2) A holder may report and deliver property before the property is presumed abandoned with the written consent of the administrator and upon the conditions and terms prescribed by the administrator.

177.27 - ANNOT.

History: 1983 a. 408; 2005 a. 400.