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Can you summarize WIST 895.056?
Recovery of money wagered.
Short Summary
This section of the Wisconsin Statutes governs the recovery of money wagered. It defines key terms such as ‘property’ and ‘wagerer’. A wagerer has the right to sue for and recover the property within specific timeframes, whether it has been lost or won, or delivered to the winner. If the wagerer does not take legal action within the specified time, another person may sue on their behalf for the benefit of the wagerer’s family or heirs. The suit can be brought against the stakeholder, third person, or winner, depending on the circumstances. However, this section does not apply to property that is permitted to be played, bet, or wagered under certain chapters or under state or federal laws related to gaming on Indian lands. No specific penalties are mentioned in this section.
Whom does it apply to?
Wagerers, stakeholders, third parties, winners
What does it govern?
Recovery of money wagered
What are exemptions?
Property permitted to be played, bet or wagered under chs. 562 to 569 or under state or federal laws relating to the conduct of gaming on Indian lands
What are the Penalties?
No specific penalties mentioned
Jurisdiction
Wisconsin