Cashier's Checks and Escheatment

Posted By: CSB98

Cashier's Checks and Escheatment - 05/14/21 07:16 PM

WI bankers . ..need your assistance on state law regarding escheatment.

We have multiple outstanding cashier's checks that are nearing the deadline for escheatment. What does state law say in terms of who is the owner of the funds? The remitter or the payee? I need to attempt to contact the owner of the funds to clear out some of these items.