Title 13 — Title 13 — Banks, Banking And Finance
13 chapters · 401 sections in this title.
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W.S. § 13-7-303 Repealed by Laws 2015, ch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Repealed by Laws 2015, ch. 68, § 2.
W.S. § 13-7-304 Repealed by Laws 2015, ch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Repealed by Laws 2015, ch. 68, § 2.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.
W.S. § 13-8-101 associations
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associations. Entities deemed foreign building and loan (a) An association doing or about to do business in this state and having for a part of its title the words, "loan and building association", "building association", "savings and loan association" or "building and loan assoc…
W.S. § 13-8-102 Certificate of need required; exceptions
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Certificate of need required; exceptions. A foreign association shall not establish any branch, office or agency within this state for the purpose of selling, delivering, advertising or offering its shares, certificates, bonds or other evidence of deposit or for taking deposits o…
W.S. § 13-8-103 Certificate of admission
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Certificate of admission. (a) An association shall not conduct any business in the state except upon written statement by the state banking commissioner, which shall be filed and preserved in his office, to the effect that the association is solvent and conducting its affairs com…
W.S. § 13-8-104 Filing of statement; appointment of agent
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Filing of statement; appointment of agent. (a) A foreign building and loan association before transacting any business in this state, directly or indirectly, shall file with the state banking commissioner a statement sworn to by the president and secretary of the association. The…
W.S. § 13-8-105 Statement to be renewed annually or as required
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Statement to be renewed annually or as required. (a) The statements required of foreign associations shall be renewed annually by March 1 as of the preceding December 31 and shall be made at other times as the state banking commissioner may require. Foreign associations shall pay…
W.S. § 13-8-106 Deposit required
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Deposit required. (a) Each association coming under the provisions of W.S. 13-8-101 relative to foreign associations, shall deposit with the state banking commissioner fifty thousand dollars ($50,000.00), either in cash, bonds of the United States, any state, county or municipali…
W.S. § 13-8-107 Licensing of agents, solicitors and salesmen
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Licensing of agents, solicitors and salesmen. Each agent, solicitor or salesman, before transacting or soliciting any business in this state for any association, shall procure annually from the state banking commissioner a license as agent, solicitor or salesman for which a fee e…
W.S. § 13-8-201 Generally
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Generally. (a) If the laws of the state, under which any foreign association is organized, require annual examinations of the association and are made pursuant to that law, then the foreign association need not be examined under this section but the foreign association shall annu…
W.S. § 13-8-202 Liquidation
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Liquidation. If it is necessary to liquidate the assets within this state of any foreign association under any provisions of the laws of this state or by reason of receivership proceedings instituted in another state, the state banking commissioner shall be appointed receiver for…
W.S. § 13-8-301 When time of maturity guaranteed; when not
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When time of maturity guaranteed; when not. (a) All foreign building and loan associations doing business in this state that guarantee the time of maturity of their contracts, shares and stock certificates shall show upon their contracts, shares or stock certificates and upon the…
W.S. § 13-8-302 Repayments and withdrawals
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Repayments and withdrawals. (a) Borrowers may repay their loans and holders of stock or savings certificates may withdraw their accumulated savings under the same conditions and upon the same terms as are provided for domestic savings and loan associations. (b) Shares may be with…
W.S. § 13-9-101 Generally
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Generally. (a) A bank may invest not more than ten percent (10%) of its paid in and unimpaired capital and surplus in a bank service corporation. (b) Repealed by Laws 2017, ch. 19, § 2. (c) The bank service corporation shall offer to supply bank services to any bank by either: (i…
W.S. § 13-9-201 Examination; fee
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Examination; fee. (a) Each bank holding company owning or acquiring the controlling interest of a bank is subject to the inspection of the commissioner. The commissioner or a duly appointed examiner shall visit the offices of the bank holding company whenever the commissioner fee…
W.S. § 13-9-202 "Controlling interest" defined
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"Controlling interest" defined. As used in W.S. 13-9-201 through 13-9-203 "controlling interest" shall be construed consistently with the provisions of 12 U.S.C. section 1841(a)(2).
W.S. § 13-9-204 Repealed By Laws 1999, ch
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Repealed By Laws 1999, ch. 42, § 3.
W.S. § 13-9-205 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-9-203 W.S. § 13-9-203
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[Repealed or reserved.]
W.S. § 13-9-301 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-9-302 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-9-303 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-9-304 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-9-305 Repealed By Laws 1997, ch
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Repealed By Laws 1997, ch. 75, § 3.
W.S. § 13-9-306 Scope; legislative intent
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Scope; legislative intent. This article sets forth the conditions under which a company may acquire a Wyoming bank or a Wyoming bank holding company. This article shall not be interpreted to discriminate against out-of-state bank holding companies or against foreign bank holding …
W.S. § 13-9-307 (a) Definitions
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(a) Definitions. For purposes of this article: (i) "Acquire" means: (A) For a company to merge or consolidate with a bank holding company; (B) For a company to assume direct or indirect ownership or control of: (I) More than twenty-five percent (25%) of any class of voting owners…
W.S. § 13-9-308 Permitted acquisitions
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Permitted acquisitions. (a) Except as otherwise expressly permitted by federal law, no company may acquire a Wyoming bank holding company or a Wyoming bank without the prior approval of the commissioner. (b) The prohibition in subsection (a) of this section shall not apply where …
W.S. § 13-9-309 Required application; fees
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Required application; fees. (a) A company that proposes to make an acquisition under this article shall: (i) Pay to the commissioner an application fee established by rule and regulation of the commissioner; (ii) File with the commissioner a copy of the application that the compa…
W.S. § 13-9-310 Standards for approval
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Standards for approval. (a) In deciding whether to approve an application for a proposed acquisition under this article, the commissioner shall consider whether: (i) There is or recently has been evidence of criminal activity on the part of the applicant or any of its officers or…
W.S. § 13-9-311 Procedures relating to applications
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Procedures relating to applications. The commissioner shall decide whether to approve an acquisition under this article within ninety (90) days after receipt of a completed application, and if approved, shall within the ninety (90) day period, issue a certificate of authority per…
W.S. § 13-9-312 Reports; examinations
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Reports; examinations. (a) To the extent specified by the commissioner by regulation, order or written request, each bank holding company that directly or indirectly controls a Wyoming bank or a Wyoming bank holding company, or the home state supervisor of the company, shall subm…
W.S. § 13-9-313 Agency activities
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Agency activities. (a) Any Wyoming state bank may upon compliance with the requirements of this section, agree to receive deposits, renew time deposits, close loans, receive payments on loans and other obligations and perform other services as agent for any affiliated insured dep…
W.S. § 13-9-314 Repealed By Laws 1999, ch
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Repealed By Laws 1999, ch. 41, § 2.
W.S. § 13-9-315 Penalties
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Penalties. The commissioner may enforce the provisions of this article by any appropriate action in the Laramie county district court of this state, including an action for civil money penalties or injunctive relief. The commissioner shall promptly give notice to the home state s…
W.S. § 13-9-316 Authority to adopt rules and regulations; cooperative agreements; fees
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Authority to adopt rules and regulations; cooperative agreements; fees. (a) In order to carry out the purposes of this article the commissioner may: (i) Repealed By Laws 1999, ch. 42, § 3. (ii) Enter into cooperative, coordinating or information-sharing agreements with any other …
W.S. § 13-10-101 General penalty
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General penalty. Any officer, director, owner or employee of a financial institution who willfully and knowingly violates any provision of this act for which a penalty is not expressly provided is guilty of a misdemeanor punishable by a fine of not less than one hundred dollars (…
W.S. § 13-10-102 False statements
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False statements. (a) Any owner, director, officer or employee of a financial institution who makes any false entry or fails to make new entries of matters pertaining to the affairs of the financial institution in the books or statements of the financial institution with intent t…