177.14 Credit memos.
(1) A credit memo issued in the ordinary course of the issuer's business that remains unclaimed by the owner for more than 5 years after becoming payable or distributable is presumed abandoned.
(2) The amount presumed abandoned under sub. (1) is the amount credited to the recipient of the credit memo.
History: 1983 a. 408; 2001 a. 109.
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