16,2899
Section 2899. 177.22 (3) of the statutes is repealed.
16,2900
Section 2900. 177.22 (4) of the statutes is amended to read:
177.22 (4) Unless the administrator determines that it is in the best interest of this state to do otherwise, he or she shall hold all securities presumed abandoned under s. 177.10, and delivered to the administrator, for at least 3 years one year before selling them. If the administrator sells any securities delivered under s. 177.10 before the expiration of the 3-year period, any person making a claim under this chapter before the end of the 3-year period is entitled either to the proceeds of the sale of the securities or to the market value of the securities at the time the claim is made, whichever amount is greater, less any deduction for fees under s. 177.23 (2). A person making a claim under this chapter after the expiration of the 3-year period is entitled to receive either the securities delivered to the administrator by the holder, if the administrator still has them, or to the proceeds from their sale, less any amounts deducted under s. 177.23 (2). No person has any claim under this chapter against this state, the holder, any transfer agent, registrar or other person acting for or on behalf of a holder for any appreciation in the value of the property occurring after delivery by the holder to the administrator.
16,2901
Section 2901. 177.23 (1) of the statutes is amended to read:
177.23 (1) Except as provided in sub. (2), the administrator shall deposit in the school fund all funds received under this chapter, including the clear proceeds from the sale of abandoned property under s. 177.22. Before making the deposit, the administrator shall record the name and last-known address of each person appearing from the holders' reports to be entitled to the property and the name and last-known address of each insured person or annuitant and beneficiary and, with respect to each policy or contract listed in the report of an insurance company, its number, the name of the company and the amount due. The information recorded by the administrator under this subsection is not available for inspection or copying under s. 19.35 (1) until 24 months after payment or delivery of the property is due under s. 177.19 (1) 177.17 (4) (a).
16,2902
Section 2902. 177.24 (1) of the statutes is renumbered 177.24 (1) (a).
16,2903
Section 2903. 177.24 (1) (b) of the statutes is created to read:
177.24 (1) (b) Any person, except another state, claiming an interest in any property that is reported to the administrator under s. 177.17 and that is in the form of amounts credited under s. 20.912 (1) to the support collections trust fund or amounts not distributable from the support collections trust fund to the persons for whom the amounts were awarded may file a claim with the administrator, after December 1 following the report, on a form prescribed by the administrator and verified by the claimant.
16,2904
Section 2904. 177.24 (2) of the statutes is amended to read:
177.24 (2) The administrator shall consider each claim within 90 days after it is filed and may refer any claim to the attorney general for an opinion. For each claim referred, the attorney general shall advise the administrator either to allow it or to deny it in whole or in part. The administrator shall give written notice to the claimant if the claim is denied in whole or in part. The notice may shall be given by mailing it to the last address, if any, stated in the claim as the address to which notices are to be sent. If no address for notices is stated in the claim, the notice may shall be mailed to the last address, if any, of the claimant as stated in the claim as the address of the claimant. No notice of denial need be given if the claim fails to state either the last address to which notices are to be sent or the address of the claimant.
16,2905
Section 2905. 177.24 (3) of the statutes is renumbered 177.24 (3) (a) and amended to read:
177.24 (3) (a) If Except as provided in par. (b), if a claim is allowed, the administrator shall deliver the property to the claimant or pay the claimant the amount the administrator actually received or the net proceeds of the sale of the property, together with any additional amount required under s. 177.21. If the claim is for property presumed abandoned under s. 177.10 which was sold by the administrator within 3 years after the date of delivery, the amount payable for that claim is the value of the property at the time the claim was made or the net proceeds of sale, whichever is greater. If the property claimed was interest bearing to the owner on the date of surrender by the holder, the administrator shall pay interest at a rate of 6% per year or any lesser rate the property earned while in the possession of the holder. Interest begins to accrue when the property is delivered to the administrator and ceases on the earlier of the expiration of 10 years after delivery or the date on which payment is made to the owner. No interest on interest-bearing property is payable for any period before December 31, 1984.
16,2906
Section 2906. 177.24 (3) (b) of the statutes is created to read:
177.24 (3) (b) If the administrator allows a claim made under sub. (1) (b), the administrator shall pay the claimant the amount reported to the administrator under s. 177.17.
16,2907
Section 2907. 177.24 (4) of the statutes is amended to read:
177.24 (4) Any holder who pays the owner for property that has been delivered to this state which, if claimed from the administrator, would be subject to sub. (3) (a) shall add interest as provided under sub. (3) (a). The added interest shall be repaid to the holder by the administrator in the same manner as the principal.
16,2908
Section 2908. 177.25 (1m) of the statutes is created to read:
177.25 (1m) At any time after December 1 following the reporting, under s. 177.17, of property that is in the form of amounts credited under s. 20.912 (1) to the support collections trust fund or amounts not distributable from the support collections trust fund to the persons for whom the amounts were awarded, another state may recover the property under any of the circumstances described in sub. (1) (a) to (d).
16,2909
Section 2909. 177.25 (2) of the statutes is amended to read:
177.25 (2) The claim of another state to recover escheated or abandoned property shall be presented in a form prescribed by the administrator, who shall decide the claim within 90 days after it is presented. The administrator shall allow the claim if he or she determines that the other state is entitled to the abandoned property under sub. (1) or (1m).
16,2910
Section 2910. 177.265 of the statutes is created to read:
177.265 Reimbursement for claims and administrative expenses. (1) At least quarterly, the department of workforce development shall reimburse the administrator, based on information provided by the administrator, for all of the following:
(a) Any claims paid under ss. 177.24 to 177.26, since the last reimbursement was made, with respect to abandoned property in the form of amounts credited under s. 20.912 (1) to the support collections trust fund and amounts not distributable from the support collections trust fund to the persons for whom the amounts were awarded.
(b) Any administrative expenses specified in s. 177.23 (2) (a) to (e), incurred since the last reimbursement was made, with respect to abandoned property in the form of amounts credited under s. 20.912 (1) to the support collections trust fund and amounts not distributable from the support collections trust fund to the persons for whom the amounts were awarded.
(2) The administrator shall deposit in the general fund all moneys received under sub. (1).
16,2911
Section 2911. 177.35 (2) of the statutes is renumbered 177.35 (2) (a) and amended to read:
177.35 (2) (a) An agreement entered into under this section is not enforceable if the agreement is entered into within 24 12 months after payment or delivery of the property is due under s. 177.19 (1) 177.17 (4) (a).
16,2912
Section 2912. 177.35 (2) (b) of the statutes is created to read:
177.35 (2) (b) An agreement entered into under this section that relates to property that is in the form of amounts credited under s. 20.912 (1) to the support collections trust fund or amounts not distributable from the support collections trust fund to the persons for whom the amounts were awarded is not enforceable if the agreement is entered into within 12 months after December 1 following the reporting of the property under s. 177.17.
16,2913
Section 2913. 178.48 (2) of the statutes is amended to read:
178.48 (2) The department shall collect a $10 the fee established under s. 182.01 (4) (c) each time process is served on the department under this chapter.
16,2914
Section 2914. 178.48 (3) of the statutes is amended to read:
178.48 (3) In addition to the fees required under sub. (1), the department shall collect $25 the fee established under s. 182.01 (4) (d) for processing in an expeditious manner a document required or permitted to be filed with the department under this chapter.
16,2915
Section 2915. 179.16 (4) of the statutes is repealed.
16,2916
Section 2916. 179.16 (5) of the statutes is amended to read:
179.16 (5) The department shall charge and collect, for processing a document required or permitted to be filed under this chapter in an expeditious manner, or preparing the information under sub. (4) in an expeditious manner, the expedited service the fee established under s. 182.01 (4) (d) in addition to the fee required by other provisions of this chapter.
16,2917
Section 2917. 179.88 of the statutes is amended to read:
179.88 Substituted service. Service of process on the department under this subchapter shall be made by serving of duplicate copies of the process on the department, together with a the fee
of $10 established under s. 182.01 (4) (c). The department shall mail notice of the service and a copy of the process within 10 days addressed to the foreign limited partnership at its office in the state of its organization. The time within which the foreign limited partnership may answer or move to dismiss under s. 802.06 (2) does not start to run until 10 days after the date of the mailing. The department shall keep a record of service of process under this section showing the day and hour of service and the date of mailing.
16,2917b
Section 2917b. 180.0122 (1) (a) of the statutes is amended to read:
180.0122 (1) (a) Articles of incorporation, 1 cent for each authorized share, except the minimum fee is $90 and the maximum fee is $10,000 and except that the fee for investment companies is determined under sub. (1m) $100.
16,2917d
Section 2917d. 180.0122 (1) (m) of the statutes is amended to read:
180.0122 (1) (m) Amendment of articles of incorporation, $40; plus 1 cent for each authorized share after the amendment, less a credit of 1 cent for each authorized share immediately before the amendment; except the maximum fee under this paragraph is $10,000 and except that the fee for investment companies is determined under sub. (1m).
16,2917f
Section 2917f. 180.0122 (1) (n) of the statutes is amended to read:
180.0122 (1) (n) Restatement of articles of incorporation with or without amendment of articles, $40; plus 1 cent for each authorized share after the restatement and any amendment, less a credit of 1 cent for each authorized share immediately before the restatement and any amendment; except the maximum fee under this paragraph is $10,000 and except that the fee for investment companies is determined under sub. (1m).
16,2917h
Section 2917h. 180.0122 (1) (o) of the statutes is amended to read:
180.0122 (1) (o) Articles of merger, $50 for each domestic corporation and each foreign corporation authorized to transact business in this state that is a party to the merger; plus 1 cent for each authorized share of the surviving domestic corporation after the merger, less a credit of 1 cent for each share that is authorized immediately before the merger by each domestic corporation that is a party to the merger; except the maximum fee under this paragraph is $10,000 and except that the fee for investment companies is determined under sub. (1m).
16,2917j
Section 2917j. 180.0122 (1) (om) of the statutes is amended to read:
180.0122 (1) (om) Articles of share exchange, $50 for each domestic corporation and each foreign corporation authorized to transact business in this state that is a party to the share exchange; plus 1 cent for each authorized share of the acquiring domestic corporation after the share exchange, less a credit of 1 cent for each share that is authorized immediately before the share exchange by the acquiring domestic corporation; except the maximum fee under this paragraph is $10,000.
16,2917m
Section 2917m. 180.0122 (1) (x) of the statutes is amended to read:
180.0122 (1) (x) Annual report of a domestic corporation that is submitted to the department by authorized electronic means, $25; annual report of a domestic corporation that is submitted to the department on paper, $40.
16,2917p
Section 2917p. 180.0122 (1) (y) of the statutes is amended to read:
180.0122 (1) (y) Annual report of a foreign corporation, $50, that is submitted to the department by authorized electronic means, $65, and annual report submitted to the department on paper, $80, and in case the annual report shows that the foreign corporation employs in this state capital in excess of the amount of capital on which a fee has previously been paid, computed as provided in s. 180.1503, an additional fee which, with previous payments made on account of capital employed in this state, will amount to $2 for each $1,000 or fraction thereof of the excess.
16,2918
Section 2918. 180.0122 (1) (z) of the statutes is amended to read:
180.0122 (1) (z) Request for certificate or statement of status, $5 the fee established under s. 182.01 (4) (b).
16,2918m
Section 2918m. 180.0122 (1m) of the statutes is repealed.
16,2919
Section 2919. 180.0122 (2) of the statutes is amended to read:
180.0122 (2) The department shall collect a $10 the fee established under s. 182.01 (4) (c) each time process is served on the department under this chapter. The party to a civil, criminal, administrative or investigatory proceeding causing service of process may recover this fee as costs if the party prevails in the proceeding.
16,2920
Section 2920. 180.0122 (4) of the statutes is amended to read:
180.0122 (4) In addition to the fees required under sub. (1), the department shall collect the expedited service fee established under s. 182.01 (4) (d) for processing in an expeditious manner a document required or permitted to be filed under this chapter or and shall collect the fee established under s. 182.01 (4) (f) for preparing in an expeditious manner a certificate of status under s. 180.0128 (1) to (3) or a statement of status under s. 180.0128 (4).
16,2920c
Section 2920c. 180.0701 (4) (c) of the statutes is amended to read:
180.0701 (4) (c) Ratification of the selection of independent certified public accountants licensed or certified under ch. 442.
16,2920g
Section 2920g. 180.0826 (2) of the statutes is amended to read:
180.0826 (2) Legal counsel, certified public accountants licensed or certified under ch. 442, or other persons as to matters that the director or officer believes in good faith are within the person's professional or expert competence.
16,2920n
Section 2920n. 180.1903 (1) of the statutes is amended to read:
180.1903 (1) One Except as provided in sub. (1m), one or more natural persons licensed, certified, or registered pursuant to any provisions of the statutes, if all have the same license, certificate, or registration or if all are health care professionals, may organize and own shares in a service corporation. A service corporation may own, operate, and maintain an establishment and otherwise serve the convenience of its shareholders in carrying on the particular profession, calling, or trade for which the licensure, certification, or registration of its organizers is required.
16,2920r
Section 2920r. 180.1903 (1m) of the statutes is created to read:
180.1903 (1m) A service corporation for carrying on the profession of certified public accounting may be organized under sub. (1) if more than 50% of the shareholders are certified public accountants.
16,2920w
Section 2920w. 180.1921 (2) of the statutes is amended to read:
180.1921 (2) The report shall show the address of this service corporation's principal office and the name and post-office address of each shareholder, director, and officer of the service corporation and shall certify that, with the exceptions permitted in s. ss. 180.1903 (1m) and 180.1913, each shareholder, director, and officer is licensed, certified, registered, or otherwise legally authorized to render the same professional or other personal service in this state or is a health care professional. The service corporation shall prepare the report on forms prescribed and furnished by the department, and the report shall contain no fiscal or other information except that expressly called for by this section. The department shall forward report blanks by 1st class mail to every service corporation in good standing, at least 60 days before the date on which the service corporation is required by this section to file an annual report.
16,2921
Section 2921. 181.0122 (1) (zm) of the statutes is amended to read:
181.0122 (1) (zm) Request for certificate or statement of status, $5 or, if information other than the information provided under s. 181.0128 (2) is requested, $10 the fee established under s. 182.01 (4) (b).
16,2922
Section 2922. 181.0122 (2) of the statutes is amended to read:
181.0122 (2) Process fee. The department shall collect a $10 the fee established under s. 182.01 (4) (c) each time process is served on the department under this chapter. The party to a civil, criminal, administrative or investigatory proceeding who is causing service of process may recover this fee as costs if the party prevails in the proceeding.
16,2923
Section 2923. 181.0122 (4) of the statutes is amended to read:
181.0122 (4) Expedited service fee. In addition to the fees required under sub. (1), the department shall collect the expedited service fee established under s. 182.01 (4) (d) for processing, in an expeditious manner, a document required or permitted to be filed under this chapter or and shall collect the fee established under s. 182.01 (4) (f) for preparing, in an expeditious manner, a certificate of status under s. 181.0128 (2) or a statement of status under s. 181.0128 (4).
16,2923g
Section 2923g. 181.0850 (2) of the statutes is amended to read:
181.0850 (2) Professionals and experts. Legal counsel, certified public accountants licensed or certified under ch. 442, or other persons as to matters the director or officer believes in good faith are within the person's professional or expert competence.
16,2923r
Section 2923r. 181.1620 (2) (intro.) of the statutes is amended to read:
181.1620 (2) (intro.) Accountant's Certified public accountant's report or officer's statement. If annual financial statements are reported upon by a certified public accountant licensed or certified under ch. 442, the certified public accountant's report must accompany them. If not, the statements must be accompanied by a statement of the president or the person responsible for the corporation's financial accounting records that includes all of the following:
16,2924
Section 2924. 182.01 (4) of the statutes is repealed and recreated to read:
182.01 (4) Preparation of copies, issuance of certificates, and performance of services. The department shall establish by rule the fees for all of the following:
(a) Providing electronic access to, or preparing and supplying copies or certified copies of, any resolution, deed, bond, record, document, or paper deposited with or kept by the department under this section.
(b) Issuing certificates or statements, in any form, relating to the results of searches of records and files of the department.
(c) Processing any service of process, notice, or demand served on the department.
(d) Processing, in an expeditious manner, a document required or permitted to be filed with the department.
(e) Providing, in an expeditious manner, electronic access to any resolution, deed, bond, record, document, or paper deposited with or kept by the department under this section.
(f) Preparing, in an expeditious manner, any copies, certified copies, certificates, or statements provided under this section.
16,2927
Section 2927. 183.0114 (1) (t) of the statutes is amended to read:
183.0114 (1) (t) Request for certificate or statement of status, $5 the fee established under s. 182.01 (4) (b).
