Wisconsin § 177.1206 Recovery of property paid to incorrect claimant.

Wisconsin Statutes

§ 177.1206 — Recovery of property paid to incorrect claimant.

Wisconsin § 177.1206

Ch. 177Uniform unclaimed property act

Subch.subch. XII of ch. 177 SUBCHAPTER XII

ENFORCEMENT

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Bluebook

Wis. Stat. § 177.1206 (2026).

Text

177.1206 177.1206(1) (1) If the administrator pays or delivers property under this chapter in error to any person, the administrator may assess the value of such property against the person. The assessment is subject to interest at the rate for delinquent taxes under s. 71.82 (2) from the date of assessment and to action and collection by the administrator under ss. 71.91 , 71.92 , and 73.03 (9) , (20) , (27) , (28) , (33m) , and (33p) , consistent with action taken by the department of revenue with respect to delinquent taxes. 177.1206(2) (2) The administrator may accept property from a person that receives the property in error prior to assessment under sub.

(1), if the person acknowledges in writing that the property was paid or delivered in error and waives any further interest in the

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177.1206
177.1206(1) (1) If the administrator pays or delivers property under this chapter in error to any person, the administrator may assess the value of such property against the person. The assessment is subject to interest at the rate for delinquent taxes under s. 71.82 (2) from the date of assessment and to action and collection by the administrator under ss. 71.91 , 71.92 , and 73.03 (9) , (20) , (27) , (28) , (33m) , and (33p) , consistent with action taken by the department of revenue with respect to delinquent taxes.
177.1206(2) (2) The administrator may accept property from a person that receives the property in error prior to assessment under sub. (1) , if the person acknowledges in writing that the property was paid or delivered in error and waives any further interest in the property.
177.1206(3) (3) The appeal provisions of ss. 71.88 (1) (a) and (2) (a) , 71.89 , 71.90 , 73.01 (1) , (2) , (3) , (4) , and (4m) , and 73.015 , as they apply to a taxpayer and the department of revenue and consistent with this chapter, shall apply to the person and the administrator with respect to an assessment under this chapter.