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Can you summarize WIST Chapter 177?
Police Regulations. > Uniform unclaimed property act.
Short Summary
The provided legal document content pertains to the Uniform Unclaimed Property Act. This act governs the handling of unclaimed property by persons or entities holding such property. The document provides definitions for various terms used in the act, including ‘administrator’, ‘apparent owner’, ‘attorney general’, ‘banking organization’, ‘business association’, ‘domicile’, ‘financial organization’, ‘holder’, ‘insurance company’, ‘intangible property’, ’last-known address’, ‘owner’, ‘person’, ‘state’, ‘U.S. savings bond’, and ‘utility’. The document also includes a historical note and an annotation regarding the applicability of the act to uncashed worker’s compensation benefits checks. The penalties for non-compliance or violation of the act are not mentioned in the provided content.
Whom does it apply to?
The act applies to holders of unclaimed property, including banking organizations, business associations, insurance companies, utility companies, and financial organizations.
What does it govern?
The Uniform Unclaimed Property Act governs the handling of unclaimed property by persons or entities holding such property.
What are exemptions?
No specific exemptions are mentioned in the provided content.
What are the Penalties?
The penalties for non-compliance or violation of the act are not mentioned in the provided content.
Jurisdiction
Wisconsin