Section 13-8-103 – Certificate of Admission.
13-8-103. Certificate of admission. (a) An association shall not conduct any business in the state except upon written statement by the state banking commissioner, which shall be filed and preserved in his office, to the effect that the association is solvent and conducting its affairs compatible with prudent business principles. When a statement is made, […]
Section 13-8-104 – Filing of Statement; Appointment of Agent.
13-8-104. Filing of statement; appointment of agent. (a) A foreign building and loan association before transacting any business in this state, directly or indirectly, shall file with the state banking commissioner a statement sworn to by the president and secretary of the association. The statement shall show the name and locality of the association, when […]
Section 13-8-105 – Statement to Be Renewed Annually or as Required.
13-8-105. Statement to be renewed annually or as required. (a) The statements required of foreign associations shall be renewed annually by March 1 as of the preceding December 31 and shall be made at other times as the state banking commissioner may require. Foreign associations shall pay to the state banking commissioner upon filing each […]
Section 13-8-101 – Entities Deemed Foreign Building and Loan Associations.
13-8-101. Entities deemed foreign building and loan associations. (a) An association doing or about to do business in this state and having for a part of its title the words, “loan and building association”, “building association”, “savings and loan association” or “building and loan association”, if organized or incorporated in any state or territory other […]
Section 13-8-102 – Certificate of Need Required; Exceptions.
13-8-102. Certificate of need required; exceptions. A foreign association shall not establish any branch, office or agency within this state for the purpose of selling, delivering, advertising or offering its shares, certificates, bonds or other evidence of deposit or for taking deposits or payment for any security it issues without complying with all provisions of […]
Section 13-7-402 – Borrowing From Federal Home Loan Bank.
13-7-402. Borrowing from federal home loan bank. (a) Any state savings and loan association may borrow money from the federal home loan bank, when authorized by resolution of its board of directors, upon terms and rates of interest as may be agreed upon. It may assign and pledge its notes, bonds, mortgages or other property […]
Section 13-7-501 – General Requirements.
13-7-501. General requirements. For every loan made, except a loan from one (1) association to another, a note or bond specifying the amount loaned and the rate of interest and premium to be paid, secured by first mortgage on improved real estate, shall be taken. A complete abstract of title for the real estate signed […]
Section 13-7-602 – Duties Generally; Examinations.
13-7-602. Duties generally; examinations. (a) The state banking commissioner shall supervise and administer the laws with respect to all state savings and loan associations doing business in this state. He shall make an examination into the affairs of all savings and loan associations consistent with the requirements of W.S. 13-3-702(a). (b) Repealed by Laws 2015, […]
Section 13-7-603 – Supervision Fees.
13-7-603. Supervision fees. (a) Repealed by Laws 1994, ch. 14, § 2. (b) The state banking commissioner shall collect from each savings and loan association chartered by this state for supervision an amount based upon the total assets of the association as reflected by the monthly report of financial data for the end of June […]
Section 13-7-604 – Examination at Request of Members or Shareholders.
13-7-604. Examination at request of members or shareholders. (a) Any association is subject to examination by the state banking commissioner upon the application of three (3) or more of its members in addition to examinations pursuant to W.S. 13-7-602. If it appears to the state banking commissioner that the association is violating any of the […]