Title 13 — Title 13 — Banks, Banking And Finance
13 chapters · 401 sections in this title.
W.S. § 13-7-101 Generally
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Generally. (a) Except as otherwise provided any association shall have the powers provided for in the general laws of this state relating to the creation and regulation of private corporations and in addition thereto shall have power, subject to the terms and conditions contained…
W.S. § 13-7-102 Organization of savings and loan associations
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Organization of savings and loan associations. (a) It is the purpose of this section to authorize the organization and operation of state savings and loan associations according to the laws of the state of Wyoming which have the same powers and are subject to the restrictions pro…
W.S. § 13-7-103 Reports; examinations; membership in federal home loan bank
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Reports; examinations; membership in federal home loan bank. (a) Repealed by Laws 2015, ch. 68, § 2. (b) A state savings and loan association may do all things necessary to obtain and to continue membership in the federal home loan bank and to obtain advances from it.
W.S. § 13-7-104 Real estate and personal property
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Real estate and personal property. (a) Except as provided in W.S. 13-7-102, any association may acquire, hold, encumber and convey real estate and personal property necessary for the transaction of its business or necessary to enforce or to protect its securities but it shall not…
W.S. § 13-7-201 "Member" defined
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"Member" defined. A member of a state savings and loan association is any person owning a savings account or investment certificate or any person borrowing from or assuming a loan held by an association or obligated upon a loan held by an association through purchase. Savings and…
W.S. § 13-7-202 Interest and earnings
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Interest and earnings. Interest receivable on all loans shall be accrued monthly and an interest due and accrued account shall be maintained equivalent to all accrued and uncollected interest. By each closing date, after payment or provision for all expenses and appropriate trans…
W.S. § 13-7-203 Dividends
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Dividends. (a) Guaranty capital stock is not entitled to any dividend until all expenses and losses have been paid and reserves have been provided as required by law and all interest has been paid on all savings and investment accounts. (b) Following compliance with subsection (a…
W.S. § 13-7-301 Savings and investment accounts
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Savings and investment accounts. State savings and loan associations may accept savings and issue savings account books or investment certificates as evidence of savings and shall credit interest or pay interest in cash periodically at least annually, if earned. Savings and inves…
W.S. § 13-7-302 Accounts of minors; joint accounts
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Accounts of minors; joint accounts. (a) Any association may accept the following accounts when provided by its bylaws: (i) Accounts in the name of any minor which shall be held for his exclusive right and benefit and free from the control or lien of all other persons. The accumul…
W.S. § 13-7-303 Repealed by Laws 2015, ch
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Repealed by Laws 2015, ch. 68, § 2.
W.S. § 13-7-304 Repealed by Laws 2015, ch
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Repealed by Laws 2015, ch. 68, § 2.
W.S. § 13-7-305 Right to redeem savings or investment accounts
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Right to redeem savings or investment accounts. (a) The association may redeem by lot or otherwise, as determined by the board of directors, any part of any of its savings or investment accounts on a dividend date by giving thirty (30) days' notice by registered mail when funds a…
W.S. § 13-7-401 Debenture bonds
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Debenture bonds. (a) Except as provided in W.S. 13-7-102, any savings and loan association may issue its debenture bonds maturing not later than five (5) years from the date of issue and bearing interest not exceeding six percent (6%) per annum. No bonds shall be issued unless th…
W.S. § 13-7-402 Borrowing from federal home loan bank
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Borrowing from federal home loan bank. (a) Any state savings and loan association may borrow money from the federal home loan bank, when authorized by resolution of its board of directors, upon terms and rates of interest as may be agreed upon. It may assign and pledge its notes,…
W.S. § 13-7-501 General requirements
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General requirements. For every loan made, except a loan from one (1) association to another, a note or bond specifying the amount loaned and the rate of interest and premium to be paid, secured by first mortgage on improved real estate, shall be taken. A complete abstract of tit…
W.S. § 13-7-502 Repealed by Laws 1993, ch
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Repealed by Laws 1993, ch. 115, § 3.
W.S. § 13-7-601 Repealed by Laws 2015, ch
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Repealed by Laws 2015, ch. 68, § 2.
W.S. § 13-7-602 If it appears to the state banking commissioner that the association is violating any of the provisions of this act or is conducting its business in an unsafe or unauthorized manner, he shall direct t
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If it appears to the state banking commissioner that the association is violating any of the provisions of this act or is conducting its business in an unsafe or unauthorized manner, he shall direct the discontinuance of any illegal or unsafe practices. If the association fails t…
W.S. § 13-7-603 Supervision fees
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Supervision fees. (a) Repealed by Laws 1994, ch. 14, § 2. (b) The state banking commissioner shall collect from each savings and loan association chartered by this state for supervision an amount based upon the total assets of the association as reflected by the monthly report of…
W.S. § 13-7-604 shareholders
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shareholders. Examination at request of members or (a) Any association is subject to examination by the state banking commissioner upon the application of three (3) or more of its members in addition to examinations pursuant to W.S.