177.33(3)
(3) The administrator may join with other states to seek enforcement of this chapter against any person who is or may be holding property reportable under this chapter.
177.33(4)
(4) At the request of another state, the attorney general may bring an action in the name of the administrator of the other state in the circuit court to enforce the unclaimed property laws of the other state against a holder in this state of property subject to escheat or a claim of abandonment by the other state, if the other state has agreed to pay expenses incurred by the attorney general in bringing the action.
177.33(5)
(5) The administrator may request the attorney general of another state or any other person to bring an action in the other state in the name of the administrator. This state shall pay all expenses including attorney fees in any action under this subsection. The administrator may agree to pay the person bringing the action attorney fees based in whole or in part on a percentage of the value of any property recovered in the action. No expenses paid under this subsection may be deducted from the amount that is subject to the claim by the owner under this chapter.
177.33 History
History: 1983 a. 408.
177.34
177.34
Interest and penalties. 177.34(1)
(1) A person who fails to pay or deliver property within the time prescribed by this chapter shall pay the administrator interest at the annual rate of 18 percent on the property or value thereof from the date the property should have been paid or delivered.
177.34(2)
(2) A person who willfully fails to file a report or perform any other duty required under this chapter is subject to a forfeiture of not less than $100 for each day the report is withheld or the duty is not performed, but not more than $5,000.
177.34(3)
(3) A person who willfully fails to pay or deliver property to the administrator as required under this chapter is subject to a forfeiture equal to 25 percent of the value of the property that should have been paid or delivered.
177.34(4)
(4) A person who willfully refuses, after written demand by the administrator, to pay or deliver property to the administrator as required under this chapter may be fined not less than $100 nor more than $5,000 or imprisoned for not more than 9 months or both.
177.34 History
History: 1983 a. 408.
177.35
177.35
Agreement to locate reported property. 177.35(1)(1) Except for agreements made under
s. 177.33, if a person agrees, for compensation and on behalf of the owner of property reported under
s. 177.17, to locate, deliver, recover or assist in the recovery of the reported property, the agreement shall be in writing and shall include all of the following:
177.35(1)(a)
(a) A description of the property and the value of the property.
177.35(1)(b)
(b) A clear and prominent statement of the fee or other compensation to be paid by or on behalf of the owner, which may not exceed 20 percent of the actual value of the property recovered.
177.35(1)(c)
(c) A clear and prominent statement disclosing the name and address of the holder and whether the property has been paid to the administrator.
177.35(2)(a)(a) An agreement entered into under this section is not enforceable if the agreement is entered into within 12 months after payment or delivery of the property is due under
s. 177.17 (4) (a).
177.35(2)(b)
(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.
177.35(3)
(3) An agreement entered into under this section shall be submitted with a claim filed under
s. 177.24 (1) (b).
177.36
177.36
Foreign transactions. This chapter does not apply to any property held, due and owing in a foreign country and arising out of a foreign transaction.
177.36 History
History: 1983 a. 408.
177.37
177.37
Effect of new provisions; clarification of application. 177.37(1)(1) This chapter does not relieve a holder of a duty that arose before December 31, 1984 to report, pay or deliver property. A holder who did not comply with the law in effect before December 31, 1984 is subject to the applicable enforcement and penalty provisions that then existed and they are continued in effect for the purpose of this subsection, except as provided in
s. 177.29 (2).
177.37(2)
(2) The initial report filed under this chapter for property that was not required to be reported before December 31, 1984, but which is subject to this chapter, shall include all items of property that would have been presumed abandoned during the 10-year period preceding December 31, 1984 as if this chapter had been in effect during that period.
177.37 History
History: 1983 a. 408.
177.38
177.38
Rules. The administrator may adopt any rules necessary to administer this chapter.
177.38 History
History: 1983 a. 408.
177.40
177.40
Uniformity of application and construction. This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it.
177.40 History
History: 1983 a. 408.
177.41
177.41
Escheat of property to municipalities. If any statute provides for the escheat of abandoned or unclaimed property to a county, city, village or town, this chapter does not apply.
177.41 History
History: 1983 a. 408.
