Section 13-6-203 – Stock.
13-6-203. Stock. (a) The capital stock shall all be of one (1) class and shall be fully paid and nonassessable in all events. (b) The owners of the stock shall be members of the association and entitled to one (1) vote for each share for election of directors and all other purposes. (c) Repealed by […]
Section 13-6-204 – Reserves.
13-6-204. Reserves. (a) State savings and loan associations, in addition to the par value of their capital, shall set up and maintain reserves as follows: (i) Except as provided in W.S. 13-7-102, before the declaration of a dividend for any period an association shall transfer an amount equal to at least five percent (5%) of […]
Section 13-6-206 – Bond of Officers and Agents.
13-6-206. Bond of officers and agents. Each officer or agent having the custody of money or securities of any association shall give a bond to the association in an amount to be determined by the board of directors of the association commensurate with his liability. The bond shall be approved by the state banking commissioner.
Section 13-6-301 – Procedure Generally.
13-6-301. Procedure generally. (a) Any association organized under the laws of this state, including a mutual savings and loan association, may reorganize the association and provide for the carrying on of its business under the laws of this state by a vote of two-thirds (2/3) of the shares of the members of the association who […]
Section 13-6-302 – Conversion to Federal Association; Procedure.
13-6-302. Conversion to federal association; procedure. (a) Any state savings and loan association, including a mutual savings and loan association, or any other home financing association, eligible to become a federal savings and loan association may convert itself into a federal savings and loan association by the following procedure: (i) At any meeting of the […]
Section 13-4-703 – Unclaimed Dividends and Deposits.
13-4-703. 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 banking commissioner may order the money to be paid to […]
Section 13-6-101 – Authority to Charter.
13-6-101. Authority to charter. The state banking board as provided by W.S. 13-1-606 and 13-2-207 through 13-2-214 is authorized to charter state savings and loan associations.
Section 13-6-102 – Articles of Incorporation; Bylaws; Definition.
13-6-102. Articles of incorporation; bylaws; definition. (a) Not less than five (5) natural persons may associate for the purpose of carrying on a savings and loan business by making and acknowledging in triplicate and by filing articles of incorporation specifying: (i) The name of the proposed association indicating the character of business to be conducted […]
Section 13-6-201 – Insurance.
13-6-201. Insurance. The state banking commissioner shall require as a condition of approval that associations be approved and their savings insured by the federal deposit insurance corporation.
Section 13-6-202 – Capitalization.
13-6-202. Capitalization. (a) Except as otherwise provided in this subsection, associations shall have permanent nonwithdrawable capital stock of one hundred dollars ($100.00) per share and this stock shall be subscribed for as fully paid stock. An association other than a mutual savings and loan association shall not organize with a capital stock less than five […]