Capital notes or debentures; proceeds not part of capital or surplus. (a) The proceeds from the sale of capital notes or debentures shall not be considered a portion of the capital or surplus of the issuing bank nor treated as meeting any requirements, restrictions or conditions relating to the capital or surplus of a bank. (b) The proceeds from the sale of notes or debentures issued may not be used to reduce or retire outstanding capital stock or surplus.
Capital notes or debentures; proceeds not part of capital or surplus
W.S. § 13-2-314 — under Chapter 2 — Organization Of Banks.
W.S. § 13-2-314