Wisconsin § 177.1301 When agreement to locate property enforceable.

Wisconsin Statutes

§ 177.1301 — When agreement to locate property enforceable.

Wisconsin § 177.1301

Ch. 177Uniform unclaimed property act

Subch.subch. XIII of ch. 177 SUBCHAPTER XIII

AGREEMENT TO LOCATE PROPERTY OF APPARENT OWNER HELD BY ADMINISTRATOR

This text of Wisconsin § 177.1301 (When agreement to locate property enforceable.) 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. § 177.1301 (2026).

Text

1301
1301(1) (1) In this subchapter, “locator service” means a person who locates, delivers, recovers, or assists in the location, delivery, and recovery of property held by the administrator.
1301(2) (2) An agreement by an apparent owner and locator service is enforceable under this chapter only if the agreement complies with all of the following:
1301(2)(a) (a) It is in a written, valid contract that clearly states the nature of the property and the services to be provided.
1301(2)(b) (b) It is signed by the apparent owner or by an agent of the apparent owner.
1301(2)(c) (c) It states the amount or value of the property reasonably expected to be recovered, computed before and after a deduction for any fee or other compensation paid to the locator service.
1301

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177.1301
177.1301(1) (1) In this subchapter, “locator service” means a person who locates, delivers, recovers, or assists in the location, delivery, and recovery of property held by the administrator.
177.1301(2) (2) An agreement by an apparent owner and locator service is enforceable under this chapter only if the agreement complies with all of the following:
177.1301(2)(a) (a) It is in a written, valid contract that clearly states the nature of the property and the services to be provided.
177.1301(2)(b) (b) It is signed by the apparent owner or by an agent of the apparent owner.
177.1301(2)(c) (c) It states the amount or value of the property reasonably expected to be recovered, computed before and after a deduction for any fee or other compensation paid to the locator service.
177.1301(2)(d) (d) It includes a clear and prominent statement of the fee or other compensation to be paid to the locator service, which may not exceed 10 percent of the actual amount or value of the property recovered.
177.1301(2)(e) (e) It includes a clear and prominent statement disclosing the name and address of the holder and whether the property has been paid or delivered to the administrator.
177.1301(2)(f) (f) It includes a clear and prominent statement that the owner may file a claim with the administrator without the assistance of a locator service.