Wisconsin Statutes Transportation (Ch. 189 to 195) § 193.735. Distribution of unclaimed property

(1) Alternate procedure to distribute property. Notwithstanding ch. 177, a cooperative may distribute any property required to be reported under subch. IV of ch. 177 to an entity that is exempt from taxation under section 501(a) of the Internal Revenue Code. A cooperative making a distribution under this subsection shall file all of the following with the secretary of revenue before making the distribution:

(2) Reporting procedure not affected. Subsection (1) does not affect the requirement that a cooperative report property under subch. IV of ch. 177.

(3) Owner's right extinguished on disbursement. The articles or bylaws may provide that a distribution under sub. (1) extinguishes all rights of the owner in and to the distributed property.