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Wis. Stat. § 177.0702

Disposal of securities

Known as the Revised Uniform Unclaimed Property Act

The act spans §§ 177.001 to 177.1505 (87 sections).

2021 a. 87.

(1) Unless the administrator determines that it is in the best interest of this state to do UNCLAIMED PROPERTY ACT 177.090213 otherwise, the administrator shall hold all securities for at least one year before selling them.

(2) The administrator may not sell a security listed on an established stock exchange for less than the price prevailing on the exchange at the time of sale. The administrator may sell a security not listed on an established exchange by any commercially-reasonable method.

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.