Wisconsin Statutes 177.1503 – Escheat of property to municipalities
Current as of: 2023 | Check for updates
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Terms Used In Wisconsin Statutes 177.1503
- Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- Property: includes real and personal property. See Wisconsin Statutes 990.01
- Statute: A law passed by a legislature.
- Town: may be construed to include cities, villages, wards or districts. See Wisconsin Statutes 990.01
- Village: means incorporated village. See Wisconsin Statutes 990.01
If any statute provides for the escheat of abandoned or unclaimed property to a county, city, village or town, this chapter does not apply.