177.01(14d)(c)1. 1. A payroll card.

177.01(14d)(c)2. 2. A loyalty card.

177.01(14d)(c)3. 3. A gift card.

177.01(14d)(c)4. 4. Game-related digital content.

177.01(14d)(c)5. 5. A financial organization loyalty card.

177.01(14m) (14m) “U.S. savings bond” means a savings bond issued by the U.S. department of the treasury, whether in paper, electronic, or paperless form, and includes all proceeds of the savings bond.

177.01(15) (15) “Utility” means a person that owns or operates for public use any plant, equipment, real property, franchise, or license for the transmission of communications; the production, storage, transmission, sale, delivery, or furnishing of electricity, water, steam, or gas; the provision of sewage or septic services; or the disposal or recycling of trash or garbage.

177.01(16) (16) “Virtual currency” means a digital representation of value used as a medium of exchange, unit of account, or store of value that does not have legal tender status recognized by the United States. “Virtual currency” does not include:

177.01(16)(a) (a) The software or protocols governing the transfer of the digital representation of value.

177.01(16)(b) (b) Game-related digital content.

177.01(16)(c) (c) A loyalty card.

177.01(16)(d) (d) A gift card.

177.01(16)(e) (e) A financial organization loyalty card.

177.01(17) (17) “Worthless security” means a security for which the cost of liquidation and delivery to the administrator exceeds the value of the security on the date on which a report is due under this chapter.

177.01 History History: 1983 a. 408; 1991 a. 221; 1993 a. 112; 1999 a. 9; 2001 a. 109; 2013 a. 20; 2015 a. 309; 2021 a. 87; 2021 a. 240 s. 30; 2023 a. 138.

177.01 Annotation Uncashed worker’s compensation benefits checks in uncontested cases are “intangible property” subject to reporting and delivery under this chapter. Discussing the applicable statute of limitations. Employers Insurance of Wausau v. Smith, 154 Wis. 2d 199, 453 N.W.2d 856 (1990).

177.015 177.015 Inapplicability to foreign transactions and other exemptions.

177.015(1) (1) Notwithstanding this chapter, a cooperative organized under ch. 185 or 193 may effect the forfeiture to the cooperative of unclaimed funds as provided in ss. 185.03 (10), 185.75 (1), 193.301 (14), and 193.905 (4).

177.015(2) (2) This chapter does not apply to any of the following:

177.015(2)(a) (a) Property held, due, and owing in a foreign country if the transaction out of which the property arose was a foreign transaction.

177.015(2)(b) (b) Any payment or credit shown on the books and records of a business association owed to another business association in the ordinary course of business.

177.015(2)(c) (c) Property described in s. 20.912 (1).

177.015 History History: 1985 a. 30, 332; 2005 a. 441; 2021 a. 87.

177.016 177.016 Rules. The administrator may adopt any rules necessary to administer this chapter.

177.016 History History: 1983 a. 408; 2021 a. 87 s. 186; Stats. 2021 s. 177.016.

subch. II of ch. 177 SUBCHAPTER II

PRESUMPTION OF ABANDONMENT

177.0201 177.0201 When property presumed abandoned. Subject to s. 177.0210, the following property is presumed abandoned if it is unclaimed by the apparent owner during the period specified below:

177.0201(1) (1) A traveler’s check, 15 years after issuance.