Effect of payment or delivery of property to administrator

Wis. Stat. § 177.0604
in effect
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(1) On payment or delivery of property to the administrator under this chapter, the administrator, as agent for the state, assumes custody and responsibility for safekeeping the property. A holder that pays or delivers property to the administrator in good faith and substantially complies with ss. 177.0501 and 177.0502 is relieved of liability arising thereafter with respect to payment or delivery of the property to the administrator. (2) This state shall defend and indemnify a holder against liability on a claim against the holder resulting from the payment or delivery of property to the administrator made in good faith and after the holder substantially complied with ss. 177.0501 and 177.0502.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/177.0604Fetched: 10/7/2026