Title 40 — Title 40 — Trade And Commerce
32 chapters · 686 sections in this title.
W.S. § 40-29-101 Short title
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Short title. This act may be cited as the "Financial Technology Sandbox Act."
W.S. § 40-29-102 (a) Definitions
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(a) Definitions. As used in this act: (i) "Blockchain" means a digital ledger or database which is chronological, consensus-based, decentralized and mathematically verified in nature; (ii) commissioner; "Commissioner" means the state banking (iii) "Consumer" means a person, wheth…
W.S. § 40-29-103 Financial technology sandbox waiver; applicability of criminal and consumer protection statutes; referral to investigatory agencies; civil liability
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Financial technology sandbox waiver; applicability of criminal and consumer protection statutes; referral to investigatory agencies; civil liability. (a) Notwithstanding any other provision of law, a person who makes an innovative financial product or service available to consume…
W.S. § 40-29-104 Financial technology sandbox application; standards for approval; consumer protection bond
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Financial technology sandbox application; standards for approval; consumer protection bond. (a) A person shall apply to the commissioner or secretary to make an innovative financial product or service available to consumers in the financial technology sandbox, based on the office…
W.S. § 40-29-105 Financial technology innovation account
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Financial technology innovation account. (a) There is created the financial technology innovation account. Funds within the account shall only be expended by legislative appropriation. All funds within the account shall be invested by the state treasurer and all investment earnin…
W.S. § 40-29-106 Operation of financial technology sandbox
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Operation of financial technology sandbox. (a) Except as otherwise provided by W.S. 40-29-108, a person authorized under W.S. 40-29-104(f) to enter into the financial technology sandbox may make an innovative financial product or service available to consumers during the sandbox …
W.S. § 40-29-107 Revocation or suspension of financial technology sandbox authorization
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Revocation or suspension of financial technology sandbox authorization. (a) The commissioner or secretary may, by order, revoke or suspend authorization granted to a person under W.S. 40-29104(f) if: (i) The person has violated or refused to comply with this act or any lawful rul…
W.S. § 40-29-108 Extension of sandbox period
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Extension of sandbox period. (a) A person granted authorization under W.S. 40-29-104(f) may apply for an extension of the initial sandbox period for not more than twelve (12) additional months. An application for an extension shall be made not later than sixty (60) days before th…
W.S. § 40-29-109 Rules and orders; enforcement of bond; restitution; applicability of Wyoming Administrative Procedure Act
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Rules and orders; enforcement of bond; restitution; applicability of Wyoming Administrative Procedure Act. (a) The commissioner and secretary shall each adopt rules to implement this act. The rules adopted by the commissioner and secretary under this subsection shall be as consis…