Wisconsin § 177.0601 Definition of good faith.

Wisconsin Statutes

§ 177.0601 — Definition of good faith.

Wisconsin § 177.0601

Ch. 177Uniform unclaimed property act

Subch.subch. VI of ch. 177 SUBCHAPTER VI

TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR

This text of Wisconsin § 177.0601 (Definition of good faith.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 177.0601 (2026).

Text

0601  In this subchapter, payment or delivery of property is made in good faith if any of the following applies:
0601(1) (1) The holder had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this chapter.
0601(2) (2) The holder made payment or delivery in response to a demand by the administrator or administrator’s agent or under guidance or a ruling issued by the administrator that the holder reasonably believed required or permitted the property to be paid or delivered.

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177.0601 In this subchapter, payment or delivery of property is made in good faith if any of the following applies:
177.0601(1) (1) The holder had a reasonable basis for believing, based on the facts then known, that the property was required or permitted to be paid or delivered to the administrator under this chapter.
177.0601(2) (2) The holder made payment or delivery in response to a demand by the administrator or administrator’s agent or under guidance or a ruling issued by the administrator that the holder reasonably believed required or permitted the property to be paid or delivered.