Title 13 — Title 13 — Banks, Banking And Finance
13 chapters · 401 sections in this title.
W.S. § 13-10-103 Fraudulent insolvency
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Fraudulent insolvency. (a) Repealed by Laws 1985, ch. 162, § 2. (b) Any officer or director of a financial institution who participates in a fraudulent insolvency of a financial institution is guilty of a misdemeanor punishable by a fine of not less than one hundred dollars ($100…
W.S. § 13-10-104 Wrongful certification, issuance or delivery of instruments, preferences or borrowing
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Wrongful certification, issuance or delivery of instruments, preferences or borrowing. (a) Any owner, director, officer, agent or employee of a financial institution who willfully certifies a check on the account of the drawer of the check which does not contain sufficient funds …
W.S. § 13-10-105 Repealed by Laws 1982, ch
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Repealed by Laws 1982, ch. 75, § 5.
W.S. § 13-10-106 Transactions exceeding liability limits; concealing or failing to report transactions
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Transactions exceeding liability limits; concealing or failing to report transactions. (a) Any officer, director or agent of a financial institution who makes or delivers any guarantee or endorsement on behalf of the financial institution whereby the financial institution may bec…
W.S. § 13-10-107 Failure to report or cooperate with state banking commissioner
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Failure to report or cooperate with state banking commissioner. (a) Repealed By Laws 1998, ch. 64, § 2. (b) Any bank failing to submit reports to the state banking commissioner as required by W.S. 13-3-701(d) is subject to a civil penalty of twenty-five dollars ($25.00) per day f…
W.S. § 13-10-108 Operating bank or savings and loan association or trust company without complying with provisions
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Operating bank or savings and loan association or trust company without complying with provisions. (a) Any person, firm or corporation excluding national banks which conducts a banking business or which advertises, issues, circulates or exhibits any card, paper or sign using the …
W.S. § 13-10-109 Refusal to exhibit stock ledger or register
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Refusal to exhibit stock ledger or register. Any officer of a financial institution refusing to exhibit the stock ledger or register of the financial institution to any person entitled to inspect the ledger or register is guilty of a misdemeanor punishable by a fine not to exceed…
W.S. § 13-10-110 Improper procurement of loans; permitting accounts to be overdrawn
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Improper procurement of loans; permitting accounts to be overdrawn. Any officer, director, agent or employee of a financial institution who asks for, receives or agrees to receive any compensation, reward or personal advantage for procuring or endeavoring to procure for any perso…
W.S. § 13-10-111 Financial involvement by state banking commissioner and employees
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Financial involvement by state banking commissioner and employees. The state banking commissioner and employees of the state banking commissioner's office shall not become indebted to any financial institution under state supervision nor shall engage or be interested in the sale …
W.S. § 13-10-112 Prosecution of criminal violations
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Prosecution of criminal violations. The district attorney for the county where a criminal violation of this act occurs shall prosecute the case upon complaint of the commissioner.
W.S. § 13-10-201 Definitions
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Definitions. (a) As used in this article: (i) "Bank holding company" means a bank holding company as defined in W.S. 13-1-101 which owns or controls a Wyoming financial institution; (ii) "Critically undercapitalized" means the paid-in capital, retained earnings and undivided prof…
W.S. § 13-10-202 actions
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actions. Informal enforcement actions; joint enforcement (a) Notwithstanding any other provision of law, the commissioner may enforce the provisions of this act by informal actions such as board resolutions, letter agreements, memoranda of understanding or supervisory agreements.…
W.S. § 13-10-203 (c) The temporary order shall be in writing and shall be served upon the Wyoming financial institution or the bank holding company
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(c) The temporary order shall be in writing and shall be served upon the Wyoming financial institution or the bank holding company. The temporary order shall take effect upon service and shall remain in effect until the commissioner issues the final cease and desist order or the …
W.S. § 13-10-204 Temporary cease and desist order; Wyoming financial institutions; bank holding companies; service
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Temporary cease and desist order; Wyoming financial institutions; bank holding companies; service. (a) If the commissioner believes the actions of a Wyoming financial institution or of any officer, director, employee or agent of the institution pose an immediate threat to the saf…
W.S. § 13-10-205 Removal of officer or director; notice; opportunity for hearing
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Removal of officer or director; notice; opportunity for hearing. (a) After notice and opportunity for hearing, the commissioner may issue a final order removing an officer or director of a Wyoming financial institution or a bank holding company if the officer or director: (i) Has…
W.S. § 13-10-206 enforcement
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enforcement. Temporary suspension order; stay of order; (a) If the commissioner believes the actions of the officer or director pose an immediate threat to the safety and soundness of a Wyoming financial institution or to the interests of the depositors, creditors or shareholders…
W.S. § 13-10-207 payment
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payment. Civil penalties; amount; factors; notice; (a) In addition to other administrative or criminal remedies authorized in this act, the commissioner, after notice and opportunity for hearing, may assess a civil penalty against a Wyoming financial institution, an officer or di…
W.S. § 13-10-208 Procedures for enforcement actions; service of notice; content of orders; contested case proceedings; appeal
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Procedures for enforcement actions; service of notice; content of orders; contested case proceedings; appeal. (a) All notices and orders required to be served by the commissioner under this article shall be served by certified mail return receipt requested to the last known addre…
W.S. § 13-10-209 Prompt corrective action; definition
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Prompt corrective action; definition. In addition to the other administrative enforcement actions authorized in this act, the commissioner shall take prompt corrective action against a Wyoming financial institution as necessary to protect the safety and soundness of the Wyoming f…
W.S. § 13-10-301 (a) Definitions
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(a) Definitions. As used in this article: (i) "Ammunition" means one (1) or more loaded cartridges consisting of a primed case, propellant and with or without one (1) or more projectiles; (ii) or services; relationship; person. "Discriminate" means to: (A) Refuse to engage in the…
W.S. § 13-10-302 Unlawful discrimination against a firearm entity; exception
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Unlawful discrimination against a firearm entity; exception. (a) A financial institution shall not discriminate against a firearm entity because the firearm entity supports or is engaged in the lawful commerce of firearms, firearm accessories or ammunition products. (b) This sect…
W.S. § 13-10-303 limitation
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limitation. Remedies; attorney general notice; statute of (a) A person who is injured by a violation of this article may bring a civil action against the financial institution. A court of competent jurisdiction shall award the successful party reasonable attorney fees and costs. …
W.S. § 13-11-101 Deposit of funds
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Deposit of funds. All fees, costs, compensation and expenses of any type provided for under this title, or any rule promulgated under authority granted under this title, required to be paid to the state banking commissioner and not otherwise designated for deposit shall be deposi…
W.S. § 13-12-101 Short title
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Short title. This chapter may be cited as the "Special Purpose Depository Institutions Act."
W.S. § 13-12-102 Applicability of other provisions
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Applicability of other provisions. (a) Except as otherwise provided in subsections (b) and (c) of this section, all other provisions of this title shall apply to this chapter. (b) The following provisions of this title shall not apply to this chapter: (i) W.S. 13-1-101(a)(vii); (…
W.S. § 13-12-103 Special purpose depository institutions created as corporations; operating authority; powers; prohibition on lending
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Special purpose depository institutions created as corporations; operating authority; powers; prohibition on lending. (a) Consistent with this chapter, special purpose depository institutions shall be organized as corporations under the Wyoming Business Corporation Act to exercis…
W.S. § 13-12-104 business
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business. Requirements relating to depositors; nature of (a) No depositor shall maintain an account with a special purpose depository institution or otherwise receive any services from the institution unless the depositor meets the criteria of this subsection. A depositor shall: …
W.S. § 13-12-105 Required liquid assets
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Required liquid assets. (a) At all times, a special purpose depository institution shall maintain unencumbered liquid assets valued at not less than one hundred percent (100%) of its depository liabilities. (b) As used in this section, "liquid assets" means: (i) United States cur…
W.S. § 13-12-106 Repealed by Laws 2026, ch
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Repealed by Laws 2026, ch. 75, § 2.
W.S. § 13-12-107 Applicable federal and state laws
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Applicable federal and state laws. A special purpose depository institution shall comply with all applicable federal laws, including those relating to anti-money laundering, customer identification and beneficial ownership.
W.S. § 13-12-108 Required disclosures
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Required disclosures. (a) A special purpose depository institution shall display on any internet website it maintains, and at each window or place where it accepts deposits, a sign conspicuously stating that deposits are not insured by the federal deposit insurance corporation, i…
W.S. § 13-12-109 Formation; articles of incorporation
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Formation; articles of incorporation. (a) Except as otherwise provided by subsection (e) of this section, five (5) or more adult persons may form a special purpose depository institution. The incorporators shall subscribe the articles of incorporation and transmit them to the com…
W.S. § 13-12-110 Required initial capital and surplus; additional capital
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Required initial capital and surplus; additional capital. (a) The capital stock of each special purpose depository institution chartered under this chapter shall be subscribed for as fully paid stock. No special purpose depository institution shall commence business with capital …
W.S. § 13-12-111 created
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created. Application for charter; fee; subaccount (a) No person shall act as a special purpose depository institution without first obtaining a charter and certificate of authority to operate from the commissioner under this chapter. (b) The incorporators under W.S. 13-12-109(a) …
W.S. § 13-12-112 Procedure upon filing application
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Procedure upon filing application. (a) Upon receiving an application for a special purpose depository charter, the commissioner shall notify the applicants in writing within thirty (30) calendar days of any deficiency in the required information or that the application has been a…
W.S. § 13-12-113 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. § 13-12-114 Investigation and examination by commissioner
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Investigation and examination by commissioner. (a) Upon receiving the articles of incorporation, the application for a charter and other information required by the commissioner, the commissioner shall make a careful investigation and examination of the following: (i) The charact…
W.S. § 13-12-115 Approval or disapproval of application; criteria for approval; action upon application
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Approval or disapproval of application; criteria for approval; action upon application. (a) Within ninety (90) days after receipt of the transcript of the public hearing, the board shall render a decision on the charter application based solely on the following criteria: (i) Whet…
W.S. § 13-12-116 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. (a) If an application is approved and a charter granted by the board under W.S. 13-12-115, the special purpose depository institution shall not commence business…
W.S. § 13-12-117 Decisions by board appealable; grounds
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Decisions by board appealable; grounds. Any decision of the board or commissioner in approving, conditionally approving or disapproving a charter for a special purpose depository institution, the issuance or denial of a certificate of authority to operate, compliance with the req…
W.S. § 13-12-118 Surety bond; pledged investments; investment income; bond or pledge increases; hearings
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Surety bond; pledged investments; investment income; bond or pledge increases; hearings. (a) Except as otherwise provided by subsection (b) of this section, a special purpose depository institution shall, before transacting any business, pledge or furnish a surety bond to the com…
W.S. § 13-12-119 Reports and examinations; supervisory fees; required private insurance or bond
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Reports and examinations; supervisory fees; required private insurance or bond. (a) The commissioner may call for reports verified under oath from a special purpose depository institution at any time as necessary to inform the commissioner of the condition of the institution. (b)…
W.S. § 13-12-120 Suspension or revocation of charter
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Suspension or revocation of charter. (a) The commissioner may suspend or revoke the charter of a special purpose depository institution if, after notice and opportunity for a hearing, the commissioner determines that: (i) The special purpose depository institution has failed or r…
W.S. § 13-12-121 Continuing jurisdiction
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Continuing jurisdiction. If the charter of a special purpose depository institution is surrendered, suspended or revoked, the institution shall continue to be subject to the provisions of this chapter during any liquidation or conservatorship.
W.S. § 13-12-122 Failure of institution; unsound or unsafe condition; applicability of other insolvency and conservatorship provisions; special purpose depository institution resolution fund account
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Failure of institution; unsound or unsafe condition; applicability of other insolvency and conservatorship provisions; special purpose depository institution resolution fund account. (a) If the commissioner finds that a special purpose depository institution has failed or is oper…
W.S. § 13-12-123 Voluntary dissolution of special purpose depository institution; liquidation; reorganization; application for dissolution; filing fee; filing with the secretary of state; revocation of charter
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Voluntary dissolution of special purpose depository institution; liquidation; reorganization; application for dissolution; filing fee; filing with the secretary of state; revocation of charter. (a) A special purpose depository institution may voluntarily dissolve in accordance wi…
W.S. § 13-12-124 Failure to submit required report; fees; rules
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Failure to submit required report; fees; rules. If a special purpose depository institution fails to submit any report required by this chapter or by rule within the prescribed period, the commissioner may impose and collect a fee for each day the report is overdue, as establishe…
W.S. § 13-12-125 law; removal
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law; removal. Willful failure to perform duties imposed by (a) Each officer, director, employee or agent of a special purpose depository institution, following written notice from the commissioner, is subject to removal upon order of the commissioner if he knowingly or willfully …
W.S. § 13-12-126 Conform to any rule or order of the Rules
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Conform to any rule or order of the Rules. The commissioner shall adopt all rules necessary to implement this chapter, consistent with W.S. 13-12-107.
W.S. § 13-12-127 Conversion of state bank into special purpose depository institution
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Conversion of state bank into special purpose depository institution. (a) The commissioner, with approval of the board, may convert the charter of a state bank chartered under W.S. 13-2201 et. seq, to a special purpose depository institution chartered under this article. A conver…