reglab/housing_qa huggingface dataset:
WY Stat § 13-7-305 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 7 - Savings and Loan Operations|Article 3 - Operations|Section 13-7-305 - Right to Redeem Savings or Investment Accounts.

13-7-305. Right to redeem savings or investment accounts.| (a) The association may redeem by lot or otherwise, as determined by the board of directors, any part of any of its savings or investment accounts on a dividend date by giving thirty (30) days' notice by registered mail when funds are available for that purpose. An association shall not redeem any of its accounts when the association is in an impaired condition or when it has applications for withdrawal which have been on file more than thirty (30) days and have not been reached for payment. The redemption price of accounts redeemed shall be the full value of the account redeemed, as determined by the board of directors, but in no event shall the redemption price be less than the withdrawal value. If the notice of redemption has been duly given, and if on or before the redemption date the funds necessary for the redemption have been set aside to be available for the redemption, dividends upon the accounts called for redemption shall cease to accrue from and after the dividend date specified as the redemption date and all rights with respect to accounts shall terminate immediately after the redemption date, except only the right of the account holder of record to receive the redemption price without interest.  (b) All account books or certificates evidencing accounts which have been validly called for redemption must be tendered for payment within ten (10) years from the date of redemption designated in the redemption notice otherwise they shall be cancelled and all claims of the account holders against the association are barred.
WY Stat § 13-7-401 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 7 - Savings and Loan Operations|Article 4 - Borrowing|Section 13-7-401 - Debenture Bonds.

13-7-401. Debenture bonds.| (a) Except as provided in W.S. 13-7-102, any savings and loan association may issue its debenture bonds maturing not later than five (5) years from the date of issue and bearing interest not exceeding six percent (6%) per annum. No bonds shall be issued unless there are sufficient funds on hand or receivable in time to meet approved applications for loans or for the payment of withdrawals of accounts. Debenture bonds may be retired by action of the board of directors at any time after one (1) year from date of issue by the secretary of the association giving notice in writing sixty (60) days or more prior to the next interest date to the recorded holders of the bonds. On return of the retired bonds together with any coupons, holders shall receive the par value of the bonds. At the expiration of the next interest period the bonds called shall cease to draw interest.  (b) Whenever the state banking commissioner deems any indebtedness incurred under the provisions of this section to be detrimental to the interest of the association, he shall notify the association to reduce its indebtedness to an amount he considers reasonable, giving the association reasonable time to effect the reduction of indebtedness.
WY Stat § 13-7-402 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 7 - Savings and Loan Operations|Article 4 - Borrowing|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 and repledge the shares of stock or savings certificates pledged to it as collateral security without securing the consent of the owner as security for the repayment of its indebtedness. Any lawful holder of any evidence of indebtedness due to an association may enforce, in his own name or in the name of the association, all appropriate remedies to enforce collection, whether or not the stock or savings certificate described in connection with the note is held by the pledgee or holder.  (b) Any obligation incurred or loan made by an association constitutes a claim against the corporate assets and is payable in advance of, and by preference over, all claims or rights of the shareholders or holders of savings certificates in any of the assets of the association. These obligations are senior to any demand for the withdrawal or cancellation of all classes of shares or savings certificates in the association including matured shares or savings certificates.  (c) The existence of a withdrawal list consisting of members desiring to withdraw from the association does not prevent the board of directors of the association from borrowing money from the federal home loan bank to be used solely for the purpose of making mortgage loans to the members of the association, but all borrowed money shall be exclusively used for the purpose borrowed. A savings and loan association shall not at any time borrow money from the federal home loan bank in an amount exceeding any limit fixed by the laws of this state.
WY Stat § 13-7-501 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 7 - Savings and Loan Operations|Article 5 - Loans|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 by the person or corporation furnishing the abstract which shall be examined by a competent attorney-at-law and his opinion furnished approving the title and showing that the mortgage is a first lien, or a policy of title insurance of a reliable title insurance company authorized to issue insurance on titles within this state, or a duplicate certificate of ownership issued by a registrar of titles, shall be furnished. No mortgage loan shall be made except upon the report in writing of an appraiser or a committee of appraisers appointed by the board of directors which shall state the conservative value of the mortgage security. The directors may also loan upon the security of savings on deposit in the association to the amount of ninety percent (90%) of their withdrawal value, and may loan upon or invest in bonds of the United States and the state of Wyoming, in real property loans insured by the federal housing administration or guaranteed by the veterans administration, and in classes of bonds and warrants of the counties, school districts and other municipalities, as well as local improvement districts in this state, as the state banking commissioner may from time to time approve but no association shall loan any of its funds to an officer or director of the association.
WY Stat § 13-7-602 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 7 - Savings and Loan Operations|Article 6 - Supervision by State Banking Commissioner|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, ch. 68, § 2.  (c) If the association is found to be in an unsafe condition, its charter may be suspended until the matters complained of by the state banking commissioner have been remedied.
WY Stat § 13-7-603 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 7 - Savings and Loan Operations|Article 6 - Supervision by State Banking Commissioner|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 and December of each year. The amount shall be adjusted by regulation issued by the state banking commissioner to assure consistency with the cost of supervision. Any adjustments shall be made by regulation issued by the state banking commissioner subject to the provisions of the Wyoming Administrative Procedure Act. Each savings and loan association shall, not later than the last day of January and July, compute the semiannual supervisory fee based upon the report of condition next preceding upon forms provided by the state banking commissioner and shall submit the report together with payment to the state banking commissioner.  (c) Repealed By Laws 2001, Ch. 156, § 3.
WY Stat § 13-7-604 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 7 - Savings and Loan Operations|Article 6 - Supervision by State Banking Commissioner|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 provisions of this act or is conducting its business in an unsafe or unauthorized manner, he shall direct the discontinuance of any illegal or unsafe practices. If the association fails to comply with the order, or fails to make reports as required, the state banking commissioner shall notify the attorney general who shall institute proceedings as the case requires.  (b) Upon request in writing of any number of shareholders representing at least one thousand (1,000) shares of stock the state banking commissioner may examine the affairs of the association. If the association is insolvent the examiner shall assume temporary control of the association pursuant to law.
WY Stat § 13-8-101 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 1 - Licensing|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 than Wyoming, is a foreign building and loan association subject to the provisions of W.S. 13-8-101 through 13-8-302.  (b) An association whose stock, savings certificates, trust certificates or bonds are payable by any accumulating fund in regular periodical installments or which, at the time the application is made for such securities, accepts a note for part payment and an assignment of the securities to secure the note and where the note is paid by monthly, quarterly or semiannual payments, is, if organized or incorporated in any state or territory other than Wyoming, a foreign building and loan association subject to the provisions of W.S. 13-8-101 through 13-8-302.  (c) Foreign associations or companies doing business by collecting monthly installments or dues for the accumulation of funds out of which to loan money to any person on real or personal property fall within the definitions of this section.
WY Stat § 13-8-102 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 1 - Licensing|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 law, and without first obtaining from the state banking commissioner a certificate that he has determined there is a clear need for the foreign building and loan association and that the banks and savings and loan associations doing business in the state do not adequately meet that need. However, any foreign building and loan association which had established and was operating an office, branch or agency within this state prior to February 16, 1963 is not required to obtain the certificate. This section shall not prevent any foreign building and loan association from buying notes or bonds, loaning money and taking mortgages upon real or personal property or other security in this state.
WY Stat § 13-8-103 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 1 - Licensing|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, the state banking board may issue a certificate of admission to the association upon the payment to the state banking commissioner of an amount established by rule and regulation of the commissioner.  (b) Any foreign association which conducts business without a license shall be deemed to be doing business unlawfully.
WY Stat § 13-8-104 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 1 - Licensing|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 organized and an itemized account of its actual financial condition showing assets and liabilities, receipts and disbursements for the past twelve (12) months including an itemized statement of its expense account. The statement shall show the amount and number of shares subscribed, the number cancelled and withdrawn during the past year, the number of shares actually in force at the date of the statement, the amount of real estate loans in force and the total number of shares in force in Wyoming, the amount of money accumulated in Wyoming, and all other information as the state banking commissioner may require.  (b) Foreign associations doing business in this state shall file with the state banking commissioner a certified copy of the laws of the state, territory or government under which it is incorporated, relating to the incorporation of the association and pertaining to the regulation, government or control of associations, both foreign and domestic, and of its charter or articles of incorporation, constitution and bylaws and shall appoint an agent for service of process as provided by laws of the state of Wyoming relating to foreign corporations.
WY Stat § 13-8-105 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 1 - Licensing|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 annual statement a fee established by rule and regulation of the commissioner.  (b) If a foreign association fails to file its annual statement by September 1 of each year, the state banking commissioner shall suspend its license until the statement is made and it is deemed to be doing business unlawfully in this state.
WY Stat § 13-8-106 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 1 - Licensing|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 located within this state of which the liens do not exceed sixty-five percent (65%) of the value of the property accruing to the lien. The securities shall be approved by the state banking commissioner.  (b) The deposit shall be held as security for all claims of residents of this state against the foreign association and liable for all judgment or decrees on it. Securities shall not be released until all shares of the foreign association held by residents of this state have been fully redeemed and its contracts and obligations to residents of this state have been fully discharged. Foreign associations may collect and use the interest on any securities deposited so long as it fulfills its obligations and complies with the provisions of this act. It may also exchange them for other securities of equal value if satisfactory to the state banking commissioner.
WY Stat § 13-8-107 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 1 - Licensing|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 be collected and paid to the commissioner. A license expires on June 30 of each year and is subject to revocation by the state banking commissioner for improper business or conduct.
WY Stat § 13-8-201 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 2 - Examination|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 proper officer of the other state that he has made an examination pursuant to the laws of that state and that the affairs of the association are in accord with the laws of that state. The state banking commissioner may, however, when he deems it advisable, cause an examination of the foreign association to be made as is required of domestic associations.  (b) If the state banking commissioner has good reason to doubt the solvency of any foreign association doing business in this state and if he is not fully satisfied with the certificate of the president and secretary or other officer, he shall proceed to make an examination of the association.  (c) If the state banking commissioner finds that the foreign association has made fraudulent or untrue statements or that it is conducting its business in an irregular manner, or if he believes that an association in this state is conducting its business fraudulently or is not in good faith carrying out its contracts with its members or stockholders in this state, or if the contracts, shares or savings certificates are sold under misrepresentation or if it appears that the association is otherwise violating the provisions of this act, he shall inform the attorney general who shall then commence proceedings by writ of quo warranto against the association requiring it to show cause why its license to do business in this state should not be revoked.  (d) The state banking commissioner shall collect from foreign state savings and loan associations doing business in this state when examined in association with the supervisory authorities of the foreign state or federal government, an amount equal to the total cost of making an examination and preparing a report and the necessary travel and other expenses incident to making the examination. The examination fees and expenses shall be deposited by the state banking commissioner with the state treasurer and credited to the financial institutions administration account. Expenditures shall be made from the account by warrants drawn by the state auditor, upon vouchers issued and signed by the director or commissioner. Funds from the account shall be expended only to carry out the duties of the commissioner or the state banking board.
WY Stat § 13-8-202 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 2 - Examination|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 assistants as provided in W.S. 13-4-305.
WY Stat § 13-8-301 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 8 - Foreign Associations|Article 3 - Consumer Information Required|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 of their contracts, shares or stock certificates;  (ii) The time in months in which a member may withdraw and the withdrawal value of each savings certificate, savings contract or share of stock at the end of the first eighteen (18) months and each six (6) months thereafter, printed on the face or back of them;  (iii) Whether or not they guarantee a maturity in months and days, and if so, the time in months and days.  (b) An association that does not guarantee the time of maturity shall state the approximate time at which shares or savings certificates will mature, based upon the past and present net earnings distributed to the members' book accounts. Maturity shall be calculated on the number of payments specified in their contracts.