Section 13-3-502 – Permanent Records.
13-3-502. Permanent records. Each bank shall permanently retain the minute books of meetings of its stockholders and directors, its capital stock ledger and capital stock certificate ledger or stubs, its general ledger (or the record kept by the bank in lieu thereof), its daily statements of condition and all records which the state banking commissioner […]
Section 13-3-503 – Records Retained 3 Years.
13-3-503. Records retained 3 years. All bank records pertaining to other parties such as safekeeping and escrow records shall be retained for three (3) years after the completion of the transactions pertaining to the records.
Section 13-3-504 – Requirements of State Banking Commissioner.
13-3-504. Requirements of state banking commissioner. All other bank records shall be retained for the periods prescribed by the state banking commissioner.
Section 13-3-505 – State Banking Commissioner to Issue Rules.
13-3-505. State banking commissioner to issue rules. (a) The state banking commissioner shall issue rules classifying records kept by banks and prescribing the periods for which records of each class shall be retained. The rules shall be reviewed and considered for revision at least once every five (5) years. When issuing rules the state banking […]
Section 13-3-506 – Duty to Produce.
13-3-506. Duty to produce. After the period prescribed for the retention of records of its class the bank has no duty to produce the record in any action or proceeding if the records have been disposed of.
Section 13-3-404 – Individual Indebtedness Limitations; Exceptions Generally; Federal Obligations.
13-3-404. Individual indebtedness limitations; exceptions generally; federal obligations. (a) W.S. 13-3-402 and 13-3-403 do not restrict the making of loans in excess of the limitations to the extent that the repayment of principal and interest is: (i) An obligation of the United States; (ii) An obligation of entities in which national banks are authorized to […]
Section 13-3-405 – Acceptance of Drafts and Bills of Exchange.
13-3-405. Acceptance of drafts and bills of exchange. (a) Drafts or bills of exchange, drawn upon a bank having not more than six (6) months’ sight to run, may be accepted by a bank. Letters of credit may be issued by a bank only if they are based upon actual commercial or agricultural transactions. (b) […]
Section 13-3-501 – Retention Generally.
13-3-501. Retention generally. Each bank in this state shall retain its business records for the periods prescribed by W.S. 13-3-501 through 13-3-507. W.S. 13-3-501 through 13-3-507 apply to national banks and trust companies where not in conflict with federal law, rule or regulation.
Section 13-3-402 – Individual Indebtedness Limitations; Generally.
13-3-402. Individual indebtedness limitations; generally. (a) Except as otherwise provided, no bank shall permit any person, firm, partnership, association or corporation to become indebted at origination to the bank in an amount exceeding twenty percent (20%) of the amount of the capital stock of the bank actually paid in and unimpaired plus twenty percent (20%) […]
Section 13-3-403 – Individual Indebtedness Limitations; Exceptions Generally.
13-3-403. Individual indebtedness limitations; exceptions generally. (a) The limitation of W.S. 13-3-402 does not apply to the following: (i) Repealed by Laws 1992, ch. 46, § 2. (ii) Repealed by Laws 1992, ch. 46, § 2. (iii) Repealed by Laws 1992, ch. 46, § 2. (iv) Obligations in the form of banker’s acceptances of other […]