Wisconsin Statutes 177.015 – Inapplicability to foreign transactions and other exemptions
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Terms Used In Wisconsin Statutes 177.015
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
- Property: includes real and personal property. See Wisconsin Statutes 990.01
(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).
(2) This chapter does not apply to any of the following:
(a) Property held, due, and owing in a foreign country if the transaction out of which the property arose was a foreign transaction.
(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.
(c) Property described in s. 20.912 (1).