Section 13-4-602 – Withdrawal and Deposits.
13-4-602. 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 may permit the conservator to receive deposits. Deposits received […]
Section 13-4-603 – Termination; Authority of Commissioner.
13-4-603. 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.
Section 13-4-604 – Termination; Effect on Payments and Notice.
13-4-604. 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 bank to its board of directors […]
Section 13-4-601 – Appointment; Duty of Commissioner.
13-4-601. 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 fixed salary in an amount to be determined by […]