Section 13-12-122 – Failure of Institution; Unsound or Unsafe Condition; Applicability of Other Insolvency and Conservatorship Provisions.
13-12-122. Failure of institution; unsound or unsafe condition; applicability of other insolvency and conservatorship provisions. (a) If the commissioner finds that a special purpose depository institution has failed or is operating in an unsafe or unsound condition, as defined in this section, that has not been remedied within the time prescribed under W.S. 13-4-203 through […]
Section 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.
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. (a) A special purpose depository institution may voluntarily dissolve in accordance with the provisions of this section. Voluntary dissolution shall be accomplished by either liquidating the special purpose depository institution or […]
Section 13-12-124 – Failure to Submit Required Report; Fees; Rules.
13-12-124. 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 established by rule.
Section 13-12-125 – Willful Failure to Perform Duties Imposed by Law; Removal.
13-12-125. Willful failure to perform duties imposed by law; removal. (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 fails to: (i) Perform any duty required by this act or other […]
Section 13-12-126 – Rules.
13-12-126. Rules. The commissioner shall adopt all rules necessary to implement this chapter, consistent with W.S. 13-12-107.
Section 13-12-113 – Procedure for Hearings on Charter Applications.
13-12-113. 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.
Section 13-12-114 – Investigation and Examination by Commissioner.
13-12-114. 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 character, reputation, financial standing and ability of the incorporators; (ii) The character, financial responsibility, banking or […]
Section 13-12-115 – Approval or Disapproval of Application; Criteria for Approval; Action Upon Application.
13-12-115. 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) Whether the character, reputation, financial standing and ability of the incorporators is […]
Section 13-12-116 – Certificate of Authority to Commence Business Required; Application; Approval or Denial; Failure to Commence Business.
13-12-116. 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 before receiving a certificate of authority to operate from the commissioner. The application for […]
Section 13-12-117 – Decisions by Board Appealable; Grounds.
13-12-117. 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 or the issuance or denial of a certificate of authority to operate is appealable to the district court of the county in which the institution is to be […]