Title 13 — Title 13 — Banks, Banking And Finance
13 chapters · 401 sections in this title.
W.S. § 13-4-302 Federal deposit insurance corporation as receiver, liquidator or subrogee
1.0K chars
Federal deposit insurance corporation as receiver, liquidator or subrogee. (a) The state banking commissioner may designate the federal deposit insurance corporation to act without bond as receiver or liquidator of any bank whose deposits are insured by the corporation and which …
W.S. § 13-4-303 business
1.2K chars
business. When bank taken possession of; resumption of (a) After taking possession of any bank, the state banking commissioner shall record a certificate that the bank has been taken over by him with the county clerk of the county in which the bank is located. The certificate is …
W.S. § 13-4-304 Application by bank for injunction
0.5K chars
Application by bank for injunction. If any bank deems itself aggrieved by the state banking commissioner taking possession of the bank, it may within ten (10) days after the takeover apply to the district court of the judicial district in which the office of the bank was located …
W.S. § 13-4-305 Appointment of deputy examiners
0.4K chars
Appointment of deputy examiners. The state banking commissioner may appoint special deputy state banking commissioners as agents to assist him in the duty of liquidation and distribution. A certificate of appointment shall be filed in the office of the county clerk of the county …
W.S. § 13-4-306 When bank permitted to continue business
0.7K chars
When bank permitted to continue business. (a) If the state banking commissioner discovers upon taking possession of a bank that the bank is only temporarily embarrassed for want of available funds and that the bank's assets are sufficient to pay its liabilities leaving its capita…
W.S. § 13-4-401 General powers and duties of commissioner
1.1K chars
General powers and duties of commissioner. After taking possession of the bank the state banking commissioner may collect money due the bank, perform acts necessary to preserve its assets and business and shall proceed to liquidate the bank's affairs except as otherwise provided.…
W.S. § 13-4-402 Notice to creditors
0.5K chars
Notice to creditors. The state banking commissioner shall give notice in newspapers as he may direct weekly for three (3) consecutive months, notifying persons who may have claims against the bank to present them to the state banking commissioner and to make legal proof of the cl…
W.S. § 13-4-403 Reports; inspection and filing
0.9K chars
Reports; inspection and filing. (a) After taking possession of the assets of a bank, the state banking commissioner shall make and file the following reports: (i) An inventory of the assets of the bank; (ii) After the deadline for the presentation of claims, a complete list of th…
W.S. § 13-4-404 Rejection of claims; allowance of late claims
0.7K chars
Rejection of claims; allowance of late claims. If the state banking commissioner doubts the validity of any claim he may reject it and serve notice of the rejection upon the claimants either by mail or personally. An affidavit of the service of the notice, which is prima facie ev…
W.S. § 13-4-405 Objection to claims not rejected
0.6K chars
Objection to claims not rejected. Objection to any claim not rejected by the state banking commissioner may be made by any interested party by filing a copy of the objection with the state banking commissioner, who shall present the objection to the district court after giving wr…
W.S. § 13-4-406 Deposit of money collected
0.2K chars
Deposit of money collected. Moneys collected by the state banking commissioner shall be deposited in one (1) or more banks subject to his order and protected by bond in the same manner as deposits of public funds.
W.S. § 13-4-501 Expenses of liquidation first priority
0.4K chars
Expenses of liquidation first priority. The expenses incurred by the state banking commissioner in the liquidation of a bank include the expenses of examiners employed in the liquidation and reasonable attorney fees incurred in the course of the liquidation. Compensation for thes…
W.S. § 13-4-502 Preference to negotiable instruments
0.9K chars
Preference to negotiable instruments. (a) Negotiable instruments issued by a bank as drawee in payment of checks or drafts deposited in any other bank for collection are entitled to preferred payment upon the insolvency of the issuing bank. (b) Negotiable instruments issued by an…
W.S. § 13-4-503 creditors
0.3K chars
creditors. Rights of secured creditors, depositors or The rights of secured creditors in the security pledged or in the capital stock assessment are not affected nor are the rights of depositors or creditors affected on bonds or other contracts with third parties by W.S. 13-4-505…
W.S. § 13-4-504 Reorganization
1.6K chars
Reorganization. (a) Any bank reorganization requiring the consent of depositors, stockholders and other creditors becomes effective only: (i) When the state banking commissioner is satisfied that the plan of reorganization is fair and equitable to all depositors, stockholders and…
W.S. § 13-4-505 assets
0.7K chars
assets. Hearing to be set; order for distribution of (a) Prior to ordering any distribution of the assets of a bank, the district court shall set a hearing, with notice to all creditors and stockholders as the court may direct. (b) The district court upon application of the state…
W.S. § 13-4-506 Dividends; borrowing to pay dividends; court approval needed
1.0K chars
Dividends; borrowing to pay dividends; court approval needed. (a) After the expiration of the time for the presentation of claims, the state banking commissioner may declare dividends out of any remaining funds after payment of expenses. One (1) year from the first publication of…
W.S. § 13-4-601 Appointment; duty of commissioner
1.0K chars
Appointment; duty of commissioner. (a) The state banking commissioner may appoint a conservator for a bank in order to conserve the assets of the bank for depositors and creditors. He may require a sufficient bond and security of the conservator. The conservator shall receive a f…
W.S. § 13-4-602 Withdrawal and deposits
0.9K chars
Withdrawal and deposits. (a) The state banking commissioner may require a conservator of a bank to make available for withdrawal by depositors and payment on a ratable basis to other creditors amounts that may safely be used for this purpose. (b) The state banking commissioner ma…
W.S. § 13-4-603 Termination; authority of commissioner
0.2K chars
Termination; authority of commissioner. The state banking commissioner may terminate the conservatorship and permit the bank to resume the transaction of its business subject to limitations which he may prescribe in the public interest.
W.S. § 13-4-604 Termination; effect on payments and notice
1.0K chars
Termination; effect on payments and notice. (a) Fifteen (15) days after the affairs of a bank have been turned back to its board of directors by the conservator the provisions of W.S. 13-4-602 shall no longer be effective. (b) Before the conservator turns back the affairs of the …
W.S. § 13-4-701 Payment of stockholders
1.9K chars
Payment of stockholders. (a) If the state banking commissioner has paid the full amount of the claim to each depositor and creditor of the bank whose claims have been allowed, has made provision for unpaid deposits and has paid all the expenses of the liquidation, he shall call a…
W.S. § 13-4-702 Assets discovered after liquidation
0.3K chars
Assets discovered after liquidation. If assets are discovered after the liquidation proceeding has closed and in the opinion of the state banking commissioner the cost of distributing the assets would prevent the payment of a dividend exceeding one-half of one percent (0.5%), the…
W.S. § 13-4-703 Unclaimed dividends and deposits
0.9K chars
Unclaimed dividends and deposits. (a) Dividends and deposits remaining in the hands of the state banking commissioner six (6) months after the order for final distribution shall be deposited with the state treasurer who shall hold the dividends in a separate account. The state ba…
W.S. § 13-5-101 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-102 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-103 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-104 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-105 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-106 Repealed by Laws 2015, ch
0.0K chars
Repealed by Laws 2015, ch. 22, § 3.
W.S. § 13-5-107 Repealed by Laws 1993, ch
0.0K chars
Repealed by Laws 1993, ch. 51, § 3.
W.S. § 13-5-108 Renumbered as 13-5-401 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-401 by Laws 2019, ch. 13, §
W.S. § 13-5-109 Renumbered as 13-5-409 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-409 by Laws 2019, ch. 13, §
W.S. § 13-5-110 Renumbered as 13-5-410 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-410 by Laws 2019, ch. 13, §
W.S. § 13-5-111 Renumbered as 13-5-415 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-415 by Laws 2019, ch. 13, §
W.S. § 13-5-112 Renumbered as 13-5-416 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-416 by Laws 2019, ch. 13, §
W.S. § 13-5-113 Renumbered as 13-5-417 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-417 by Laws 2019, ch. 13, §
W.S. § 13-5-114 Renumbered as 13-5-418 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-418 by Laws 2019, ch. 13, §
W.S. § 13-5-115 Renumbered as 13-5-413 by Laws 2019, ch
0.1K chars
Renumbered as 13-5-413 by Laws 2019, ch. 13, § 3. 3. 3.
W.S. § 13-5-116 Renumbered as 13-5-419 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-419 by Laws 2019, ch. 13, §
W.S. § 13-5-117 Renumbered as 13-5-412 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-412 by Laws 2019, ch. 13, §
W.S. § 13-5-118 Renumbered as 13-5-420 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-420 by Laws 2019, ch. 13, §
W.S. § 13-5-201 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-202 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-203 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-204 Repealed by Laws 2019, ch
0.0K chars
Repealed by Laws 2019, ch. 13, § 2.
W.S. § 13-5-205 Renumbered as 13-5-603 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-603 by Laws 2019, ch. 13, §
W.S. § 13-5-206 Renumbered as 13-5-604 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-604 by Laws 2019, ch. 13, §
W.S. § 13-5-207 Renumbered as 13-5-302 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-302 by Laws 2019, ch. 13, §
W.S. § 13-5-208 Renumbered as 13-5-605 by Laws 2019, ch
0.0K chars
Renumbered as 13-5-605 by Laws 2019, ch. 13, §