FAQ: Why does Wisconsin have Unclaimed Property laws?
In 1970, the law was created to help Wisconsin residents to find their missing funds. After 1 to 5 years of inactivity, most Wisconsin businesses are obligated to turn over all unclaimed money, stock, and safe deposit box contents to the State Treasurer’s Office. This allows businesses to alleviate some of the expense and liability associated with carrying unclaimed property on their financial records as well as allowing the residents of Wisconsin to receive their unclaimed property.
- State Treasurer Serves Up a Cornucopia of Cash (wistatetreasury.wordpress.com)
- Christmas Comes Early With $1 Million+ Returned in 1 Day (wistatetreasury.wordpress.com)
- Getting Everyone On Board the Compliance Train (wistatetreasury.wordpress.com)
- More than $15,000 Returned in Burlington Wisconsin (wistatetreasury.wordpress.com)