Wis. Stat. § 177.0205

Current through Acts 2023-2024, ch. 272

Section 177.0205 - When contents of safe deposit box presumed abandoned

Tangible property held in a safe deposit box and proceeds from a sale of the property by the holder permitted by law of this state other than this chapter are presumed abandoned if the property remains unclaimed by the apparent owner 5 years after the earliest of the following:

(1) The expiration of the lease or rental period for the box.

(2) The earliest date when the lessor of the box is authorized by contract or law of this state other than this chapter to enter the box and remove or dispose of the contents without consent or authorization of the lessee.

Wis. Stat. § 177.0205

Added by Acts 2021 ch, 87,s 56, eff. 11/7/2021.