The administrator may decline to take custody of property reported under s. 177.0401 if the administrator determines that any of the following applies:

Terms Used In Wisconsin Statutes 177.0608

   (1)   The property has a value less than the estimated expenses of notice and sale of the property.
   (2)   Taking custody of the property would be unlawful.
   (3)   The property is not subject to custody or escheatment under this chapter.