Wisconsin § 177.0602 Dormancy charge.

Wisconsin Statutes

§ 177.0602 — Dormancy charge.

Wisconsin § 177.0602

Ch. 177Uniform unclaimed property act

Subch.subch. VI of ch. 177 SUBCHAPTER VI

TAKING CUSTODY OF PROPERTY BY ADMINISTRATOR

This text of Wisconsin § 177.0602 (Dormancy charge.) 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. § 177.0602 (2026).

Text

177.0602 177.0602(1) (1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if all of the following apply: 177.0602(1)(a) (a) A valid written contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner’s failure to claim the property within a specified time. 177.0602(1)(b) (b) The holder regularly imposes the charge and regularly does not reverse or otherwise cancel or not collect the charge. 177.0602(2) (2) The amount of the deduction under sub.

(1)is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner’s property and any services received by the apparent ow

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177.0602
177.0602(1) (1) A holder may deduct a dormancy charge from property required to be paid or delivered to the administrator if all of the following apply:
177.0602(1)(a) (a) A valid written contract between the holder and the apparent owner authorizes imposition of the charge for the apparent owner’s failure to claim the property within a specified time.
177.0602(1)(b) (b) The holder regularly imposes the charge and regularly does not reverse or otherwise cancel or not collect the charge.
177.0602(2) (2) The amount of the deduction under sub. (1) is limited to an amount that is not unconscionable considering all relevant factors, including the marginal transactional costs incurred by the holder in maintaining the apparent owner’s property and any services received by the apparent owner.