Section 13-8-302 – Repayments and Withdrawals.
13-8-302. Repayments and withdrawals. (a) Borrowers may repay their loans and holders of stock or savings certificates may withdraw their accumulated savings under the same conditions and upon the same terms as are provided for domestic savings and loan associations. (b) Shares may be withdrawn by giving thirty (30) days notice in writing of the […]
Section 13-9-101 – Generally.
13-9-101. Generally. (a) A bank may invest not more than ten percent (10%) of its paid in and unimpaired capital and surplus in a bank service corporation. (b) Repealed by Laws 2017, ch. 19, § 2. (c) The bank service corporation shall offer to supply bank services to any bank by either: (i) Issuing stock […]
Section 13-9-201 – Examination; Fee.
13-9-201. Examination; fee. (a) Each bank holding company owning or acquiring the controlling interest of a bank is subject to the inspection of the commissioner. The commissioner or a duly appointed examiner shall visit the offices of the bank holding company whenever the commissioner feels it is necessary or expedient and make a complete and […]
Section 13-9-202 – “Controlling Interest” Defined.
13-9-202. “Controlling interest” defined. As used in W.S. 13-9-201 through 13-9-203 “controlling interest” shall be construed consistently with the provisions of 12 U.S.C. section 1841(a)(2).
Section 13-9-203 – Financial Responsibility.
13-9-203. Financial responsibility. The commissioner shall examine the capital and other ownership structure of each bank holding company subject to W.S. 13-9-201 and shall require the same degree of financial responsibility of the bank holding company required by this act of the bank controlled.
Section 13-8-106 – Deposit Required.
13-8-106. Deposit required. (a) Each association coming under the provisions of W.S. 13-8-101 relative to foreign associations, shall deposit with the state banking commissioner fifty thousand dollars ($50,000.00), either in cash, bonds of the United States, any state, county or municipality in this state or mortgages being first liens on improved and productive real estate […]
Section 13-8-107 – Licensing of Agents, Solicitors and Salesmen.
13-8-107. Licensing of agents, solicitors and salesmen. Each agent, solicitor or salesman, before transacting or soliciting any business in this state for any association, shall procure annually from the state banking commissioner a license as agent, solicitor or salesman for which a fee established by rule and regulation of the commissioner for each license shall […]
Section 13-8-201 – Generally.
13-8-201. Generally. (a) If the laws of the state, under which any foreign association is organized, require annual examinations of the association and are made pursuant to that law, then the foreign association need not be examined under this section but the foreign association shall annually furnish the state banking commissioner a certificate of the […]
Section 13-8-202 – Liquidation.
13-8-202. Liquidation. If it is necessary to liquidate the assets within this state of any foreign association under any provisions of the laws of this state or by reason of receivership proceedings instituted in another state, the state banking commissioner shall be appointed receiver for that purpose, without compensation and with the power to appoint […]
Section 13-8-301 – When Time of Maturity Guaranteed; When Not.
13-8-301. When time of maturity guaranteed; when not. (a) All foreign building and loan associations doing business in this state that guarantee the time of maturity of their contracts, shares and stock certificates shall show upon their contracts, shares or stock certificates and upon their literature and passbooks the following: (i) The time of maturity […]