Frequently Asked Questions/Answers

Category:  Unclaimed Property

WHAT HAPPENS TO UNCLAIMED PROPERTY WHEN THE DEPARTMENT OF REVENUE CANNOT LOCATE THE RIGHTFUL OWNER?

DOR serves as a custodian​ for abandoned funds and holds these funds indefinitely. There is no time limit for you to claim your money from DOR. If at any time you can prove ownership or legal rights to the unclaimed funds, we will approve payment to you or your heirs without charge. Exception: property held under secs. 852.01 or 863.37, Wis. Stats. has a statute of limitations of 10 years to claim the property.

DOR must sell the unclaimed property at public auction to the highest bidder usually within three years after receiving it. In the case of any security, DOR waits at least one year before selling the security. Securities listed on an established stock exchange are sold at prices prevailing at the time of sale on the exchange. Other securities may be sold over the counter at prices prevailing at the time of sale or by any other method DOR considers advisable.


 

 

 

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Wisconsin Office of the State Treasurer
Physical Address:   B38 W State Capitol, Madison, Wisconsin   -    Mailing Address:   PO Box 7871 Madison, WI 53707
Phone: 608-266-1714
Treasurer@wisconsin.gov


PROCEDURE FOR MAKING REQUESTS
Effective January 1, 2017, the Office of Wisconsin State Treasurer (OST) will follow the same fee guidelines for records requests as the Wisconsin Department of Administration.