Title 13 — Title 13 — Banks, Banking And Finance
13 chapters · 401 sections in this title.
W.S. § 13-2-101 (a) Generally
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(a) Generally. Each bank may: (i) Make contracts in its corporate name; (ii) Sue and be sued; (iii) Lend money on real and personal securities; (iv) Buy, sell and discount bills of exchange, notes and all other written evidence of debt except as otherwise provided; (v) Receive no…
W.S. § 13-2-102 Perpetual duration
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Perpetual duration. A bank shall have perpetual duration except as otherwise provided by the articles of incorporation.
W.S. § 13-2-103 Federal deposit insurance
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Federal deposit insurance. (a) All banks, except special purpose depository institutions, shall obtain insurance of their deposits by the United States and shall subscribe for insurance of deposit accounts by the federal deposit insurance corporation (FDIC). (b) Nothing in this s…
W.S. § 13-2-201 Organization and application
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Organization and application. Five (5) or more adult persons may organize a corporation for the purpose of carrying on general banking business in a place in this state designated in the articles of incorporation subject to the conditions prescribed by law. The incorporators shal…
W.S. § 13-2-202 Articles of incorporation
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Articles of incorporation. (a) The articles of incorporation shall include the following information: (i) The corporate name; (ii) The object for which the corporation is (iii) The term of its existence which may be organized; perpetual; (iv) The place where its office shall be l…
W.S. § 13-2-203 Repealed by Laws 1988, ch
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Repealed by Laws 1988, ch. 59, §§ 1,2.
W.S. § 13-2-204 Repealed by Laws 1991, ch
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Repealed by Laws 1991, ch. 175, § 3.
W.S. § 13-2-205 Repealed by Laws 1991, ch
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Repealed by Laws 1991, ch. 175, § 3. § 2.
W.S. § 13-2-206 Renumbered as § 13-1-606 by Laws 1993, ch
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Renumbered as § 13-1-606 by Laws 1993, ch. 115,
W.S. § 13-2-207 Procedure upon filing of articles of incorporation, application and other information
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Procedure upon filing of articles of incorporation, application and other information. Upon filing with the state banking commissioner the articles of incorporation as required by W.S. 13-2-201 and 13-2-202, an application and any other information required by the rules and regul…
W.S. § 13-2-208 Application filing fee
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Application filing fee. The application filed with the state banking commissioner shall be accompanied by a fee established by rule and regulation of the state banking commissioner to cover the expense of the investigation by the state banking commissioner, the expense of the pub…
W.S. § 13-2-209 Procedure for hearings on charter applications
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Procedure for hearings on charter applications. The hearing for a charter application shall be conducted as a contested case under the Wyoming Administrative Procedure Act and shall comply with the requirements of that act.
W.S. § 13-2-210 Emergency charters; fees
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Emergency charters; fees. (a) Notwithstanding any other provisions contained in this act, a financial institutions charter may be granted by the state banking commissioner without a hearing in any case determined by the state banking commissioner to be an emergency arising from t…
W.S. § 13-2-211 commissioner
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commissioner. Investigation and examination by banking (a) Upon receiving the articles of incorporation, application and other information required, the state banking commissioner shall make a careful investigation and examination of the following: (i) The character, reputation, …
W.S. § 13-2-212 Approval or disapproval of application; criteria for approval; action upon application; interim bank charter; fee
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Approval or disapproval of application; criteria for approval; action upon application; interim bank charter; fee. (a) Within ninety (90) days after receipt of the transcript of the public hearing, the board shall in its discretion approve, conditionally approve or disapprove the…
W.S. § 13-2-213 Certificate of authority to commence business required; application; approval or denial; failure to commence business
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Certificate of authority to commence business required; application; approval or denial; failure to commence business. If the application is approved and a charter granted by the board, the financial institution shall not commence business before receiving a certificate of author…
W.S. § 13-2-214 Decisions by board appealable; grounds
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Decisions by board appealable; grounds. Any decision of the board in approving or disapproving any charter or the issuance or denial of a certificate of authority is appealable to the district court of the county in which the institution is to be located in accordance with the pr…
W.S. § 13-2-215 Report of interests in financial institutions by state banking commissioner and board members
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Report of interests in financial institutions by state banking commissioner and board members. On or before January 10 of each calendar year the state banking commissioner and each member of the board shall submit to the governor a list of all assets and liabilities of any nature…
W.S. § 13-2-216 Conversion of special purpose depository institution into state bank
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Conversion of special purpose depository institution into state bank. (a) The commissioner, with approval of the board, may convert the charter of a special purpose depository institution chartered under W.S. 13-12-115 to a state bank chartered under this article. A conversion sh…
W.S. § 13-2-301 Requirements as to capital
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Requirements as to capital. (a) The capital stock of each bank organized under this act shall be subscribed for as fully paid stock. No bank shall organize with a capital stock less than five million dollars ($5,000,000.00). (b) No bank shall commence business until the full amou…
W.S. § 13-2-302 Issue of stock
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Issue of stock. (a) A bank shall not issue any share of stock until the par value of the share has been actually paid in cash. (b) Pursuant to appropriate authority granted in its articles of incorporation, a bank may issue any type of capital stock, including nonvoting shares, a…
W.S. § 13-2-303 Increase or reduction of capital stock
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Increase or reduction of capital stock. Any bank may increase or reduce the capital stock of the bank after receiving the written approval of the state banking commissioner and by the vote of the shareholders owning two-thirds (2/3) of the stock in the bank at a stockholders' mee…
W.S. § 13-2-304 Transfer of stock and other ownership interests
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Transfer of stock and other ownership interests. (a) The shares of stock of banks are personal property and shall be transferred on the books of the bank in such manner as the bylaws may provide. A transfer of stock in a bank is invalid until any impairment of its capital stock h…
W.S. § 13-2-305 Purchase or acceptance of own capital stock
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Purchase or acceptance of own capital stock. A bank shall not accept as collateral or purchase its own capital stock unless the taking of the collateral or purchase is necessary to prevent loss upon a debt previously contracted in good faith. The stock shall be sold by the bank w…
W.S. § 13-2-306 Stock register; inspection
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Stock register; inspection. A bank shall keep a record of shareholders that is open for inspection during business hours to officers, directors and shareholders of the bank. As used in this section, "record of shareholders" means as defined in W.S. 17-16-140(a)(xlix).
W.S. § 13-2-307 directors
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directors. Voting by shareholders generally; balloting for (a) Except as otherwise provided by W.S. 13-2-302, each share entitles the owner to one (1) vote on all elections of directors and all other questions submitted at meetings of shareholders. Shareholders may vote by proxie…
W.S. § 13-2-308 Preferred stock
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Preferred stock. (a) A bank may issue one (1) or more classes of preferred stock upon the approval of two-thirds (2/3) of the stockholders pursuant to this section and the approval of the state banking commissioner. (b) Copies of the directors' and stockholders' minutes approving…
W.S. § 13-2-309 generally
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generally. Issuance of capital notes or debentures; (a) A bank may issue, sell or pledge its capital notes or debentures if the bank has first obtained the written or voting approval of the shareholders holding a majority of the shares of the bank and the written approval of the …
W.S. § 13-2-310 Issuance of capital notes or debentures; approval by state banking commissioner
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Issuance of capital notes or debentures; approval by state banking commissioner. The state banking commissioner may approve the issue of capital notes or debentures by any bank. Applications for approval shall be in writing and contain information which he requests including a fu…
W.S. § 13-2-311 stated
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stated. Capital notes or debentures; provisions to be (a) The following provisions shall be stated in the capital notes or debentures: (i) That the notes or debentures are an unsecured indebtedness of the bank and subordinate to the claims of creditors and depositors; (ii) In the…
W.S. § 13-2-312 Capital notes or debentures; conversion into common or preferred stock
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Capital notes or debentures; conversion into common or preferred stock. Capital notes and debentures may be converted into shares of common or preferred stock in accordance with the provisions of the capital notes or debentures. If capital notes or debentures are converted the pr…
W.S. § 13-2-313 liability
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liability. Capital notes or debentures; no assessment or Capital notes, debentures and the holders thereof are not subject to any assessment nor are holders of the notes or debentures liable for any debts or contracts of the bank.
W.S. § 13-2-314 Capital notes or debentures; proceeds not part of capital or surplus
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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 …
W.S. § 13-2-401 Authority to manage banks; qualifications
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Authority to manage banks; qualifications. The affairs of a bank shall be managed by not less than five (5) directors. Shareholders or the board of directors if provided by the articles of incorporation may adopt and amend bylaws for the management of the bank. Each director shal…
W.S. § 13-2-402 Election; term; vacancies; number
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Election; term; vacancies; number. (a) The initial and elected directors of any bank shall hold office for one (1) year and until their successors are elected and qualified except in cases of death, resignation or removal under the laws of this state. All elections shall be held …
W.S. § 13-2-403 Meetings; record of proceedings and business
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Meetings; record of proceedings and business. (a) The board of directors of a bank shall hold a regular meeting every quarter of the calendar year. At each meeting a detailed report showing every loan and investment in excess of one percent (1%) of the bank's capital and surplus …
W.S. § 13-2-404 Liability
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Liability. Any director who participates in or consents to any action of a bank in making loans in excess of or contrary to law or regulations shall be liable in his individual capacity for damages proximately sustained by the bank, its stockholders or other persons.
W.S. § 13-2-405 Repealed by Laws 1992, ch
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Repealed by Laws 1992, ch. 46, § 2.
W.S. § 13-2-501 Repealed by Laws 1981, ch
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Repealed by Laws 1981, ch. 29, § 1.
W.S. § 13-2-502 Repealed by Laws 1981, ch
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Repealed by Laws 1981, ch. 29, § 1.
W.S. § 13-2-503 Repealed by Laws 1981, ch
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Repealed by Laws 1981, ch. 29, § 1.
W.S. § 13-2-601 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-2-602 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-2-603 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-2-604 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-2-605 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-2-606 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-2-607 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-2-701 (a) Definitions
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(a) Definitions. As used in this act: (i) "Branch" means any manned branch bank, branch office, branch agency, additional office, separate office or any branch or separate place of business operated by a parent bank in this state which offers any or all of the banking services co…
W.S. § 13-2-702 Authorization; application; fee; activities; examination; criteria
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Authorization; application; fee; activities; examination; criteria. (a) With prior approval of the state banking commissioner a bank may establish and operate one (1) or more branches at any location in this state or in a state other than Wyoming. (i) Repealed By Laws 1999, ch. 4…