reglab/housing_qa huggingface dataset:
WY Stat § 13-4-401 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 4 - Collections of Assets|Section 13-4-401 - General Powers and Duties of Commissioner.

13-4-401. General powers and duties of commissioner.| After taking possession of the bank the state banking commissioner may collect money due the bank, perform acts necessary to preserve its assets and business and shall proceed to liquidate the bank's affairs except as otherwise provided. The state banking commissioner shall collect all claims belonging to the bank. Upon the order of the district court in the judicial district in which the bank is located the state banking commissioner may sell or compound all doubtful debts and may sell all the real estate and personal property of the bank on the terms the court directs. The state banking commissioner shall execute and deliver to the purchaser of bank property the instruments necessary to evidence the passing of the title. If the real estate is situated outside the county in which the office of the bank was located a certified copy of the order authorizing the sale shall be filed in the office of the county clerk of the county in which the property is situated. The state banking commissioner may enforce the individual liability of the stockholders.
WY Stat § 13-4-402 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 4 - Collections of Assets|Section 13-4-402 - Notice to Creditors.

13-4-402. Notice to creditors.| The state banking commissioner shall give notice in newspapers as he may direct weekly for three (3) consecutive months, notifying persons who may have claims against the bank to present them to the state banking commissioner and to make legal proof of the claims at a place and a time not earlier than the last day of publication specified in the notice. The state banking commissioner shall mail a similar notice to all persons whose names appear as creditors upon the books of the bank.
WY Stat § 13-4-403 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 4 - Collections of Assets|Section 13-4-403 - Reports; Inspection and Filing.

13-4-403. Reports; inspection and filing.| (a) After taking possession of the assets of a bank, the state banking commissioner shall make and file the following reports:  (i) An inventory of the assets of the bank;  (ii) After the deadline for the presentation of claims, a complete list of the claims presented and indicating the claims rejected;  (iii) Supplemental lists showing all claims presented subsequent to the filing of the first list to be filed at least fifteen (15) days before the declaration of any dividend and at intervals not exceeding six (6) months.  (b) The inventory and list of claims shall be open at all reasonable times for inspection. One (1) copy of the inventory and list of claims shall be filed in the office of the state banking commissioner and one (1) copy filed in the office of the clerk of the district court for the county where the bank was located.
WY Stat § 13-4-404 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 4 - Collections of Assets|Section 13-4-404 - Rejection of Claims; Allowance of Late Claims.

13-4-404. Rejection of claims; allowance of late claims.| If the state banking commissioner doubts the validity of any claim he may reject it and serve notice of the rejection upon the claimants either by mail or personally. An affidavit of the service of the notice, which is prima facie evidence of the service, shall be filed in his office. An action upon a rejected claim must be brought within six (6) months after the service. Claims presented and allowed after the expiration of the time fixed in the notice to creditors shall be paid the amount of all prior dividends if there are sufficient funds and share equitably in the distribution of the remaining assets in the hands of the state banking commissioner.
WY Stat § 13-4-405 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 4 - Collections of Assets|Section 13-4-405 - Objection to Claims Not Rejected.

13-4-405. Objection to claims not rejected.| Objection to any claim not rejected by the state banking commissioner may be made by any interested party by filing a copy of the objection with the state banking commissioner, who shall present the objection to the district court after giving written notice to the party filing the objection setting forth the time and place of the presentation. The court shall hear the objections to the claim, refer it to a referee or direct that the issues be tried before a jury. The court may make proper provision for unproved or unclaimed deposits.
WY Stat § 13-4-406 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 4 - Collections of Assets|Section 13-4-406 - Deposit of Money Collected.

13-4-406. Deposit of money collected.| Moneys collected by the state banking commissioner shall be deposited in one (1) or more banks subject to his order and protected by bond in the same manner as deposits of public funds.
WY Stat § 13-4-501 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 5 - Preferences, Disposition of Assets, Reorganization|Section 13-4-501 - Expenses of Liquidation First Priority.

13-4-501. Expenses of liquidation first priority.| The expenses incurred by the state banking commissioner in the liquidation of a bank include the expenses of examiners employed in the liquidation and reasonable attorney fees incurred in the course of the liquidation. Compensation for these services shall be fixed by the state banking commissioner. The expenses shall be paid out of the property of the bank and shall be paid first in the order of priority.
WY Stat § 13-4-502 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 5 - Preferences, Disposition of Assets, Reorganization|Section 13-4-502 - Preference to Negotiable Instruments.

13-4-502. Preference to negotiable instruments.| (a) Negotiable instruments issued by a bank as drawee in payment of checks or drafts deposited in any other bank for collection are entitled to preferred payment upon the insolvency of the issuing bank.  (b) Negotiable instruments issued by any collecting bank in exchange for checks or drafts deposited with or forwarded to the bank for payment by the bank on which the negotiable instruments are drawn are entitled to preferred payment upon the insolvency of the collecting bank.  (c) Negotiable instruments issued by a collecting bank in exchange for notes and other evidences of indebtedness deposited with or forwarded to the bank for collection are entitled to preferred payment upon the insolvency of the bank.  (d) The provisions of this section do not affect other claims entitled by law to preference against insolvent banks.
WY Stat § 13-4-503 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 5 - Preferences, Disposition of Assets, Reorganization|Section 13-4-503 - Rights of Secured Creditors, Depositors or Creditors.

13-4-503. Rights of secured creditors, depositors or creditors.| The rights of secured creditors in the security pledged or in the capital stock assessment are not affected nor are the rights of depositors or creditors affected on bonds or other contracts with third parties by W.S. 13-4-505.
WY Stat § 13-4-504 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 5 - Preferences, Disposition of Assets, Reorganization|Section 13-4-504 - Reorganization.

13-4-504. Reorganization.| (a) Any bank reorganization requiring the consent of depositors, stockholders and other creditors becomes effective only:  (i) When the state banking commissioner is satisfied that the plan of reorganization is fair and equitable to all depositors, stockholders and other creditors and is in the public interest; and  (ii) When, after reasonable notice of the reorganization, the following have given their consent in writing to the reorganization:  (A) Depositors and other creditors of the bank representing at least seventy-five percent (75%) of its total deposits and other liabilities; and  (B) Stockholders owning at least two-thirds (2/3) of its outstanding capital stock.  (b) The claims of depositors or other creditors which will be satisfied in full under the provisions of the plan of reorganization shall not be included among the total deposits and other liabilities of the bank in determining the consent requirements.  (c) When a reorganization becomes effective, all books, records and assets of the bank shall be disposed of in accordance with the provisions of the plan and the affairs of the bank shall be conducted by its board of directors in the manner provided by the state banking commissioner and the plan.  (d) All depositors, creditors and stockholders of the bank, whether or not they have consented, shall be fully bound by the provisions of an approved plan of reorganization. Claims of depositors and other creditors shall be treated as if the depositors, creditors and stockholders had consented to the plan of reorganization.
WY Stat § 13-4-505 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 5 - Preferences, Disposition of Assets, Reorganization|Section 13-4-505 - Hearing to Be Set; Order for Distribution of Assets.

13-4-505. Hearing to be set; order for distribution of assets.| (a) Prior to ordering any distribution of the assets of a bank, the district court shall set a hearing, with notice to all creditors and stockholders as the court may direct.  (b) The district court upon application of the state banking commissioner may order the distribution of the assets of any bank which have come into the hands of the state banking commissioner for liquidation. The disposition shall be in conformity to any agreement of reorganization or sale of assets agreed to by the holders of seventy-five percent (75%) of the unsecured direct obligations of the bank. The court may make any modifications necessary to insure the equitable distribution of the assets of the bank.
WY Stat § 13-4-506 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 5 - Preferences, Disposition of Assets, Reorganization|Section 13-4-506 - Dividends; Borrowing to Pay Dividends; Court Approval Needed.

13-4-506. Dividends; borrowing to pay dividends; court approval needed.| (a) After the expiration of the time for the presentation of claims, the state banking commissioner may declare dividends out of any remaining funds after payment of expenses. One (1) year from the first publication of notice to creditors he may declare a final dividend as directed by the district court.  (b) The state banking commissioner when he deems the payment of dividends without further delay to be advisable may borrow money from any governmental agency. As security for the loan, the state banking commissioner may pledge assets of the insolvent bank as necessary.  (c) The authority of this section shall be exercised only with the approval of the district court of the county in which the bank is located. The court shall determine the amount that may be borrowed, the rate of interest that may be paid, the maturity of the proposed loan and the assets that may be pledged as collateral.
WY Stat § 13-4-601 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 6 - Conservatorship|Section 13-4-601 - Appointment; Duty of Commissioner.

13-4-601. Appointment; duty of commissioner.| (a) The state banking commissioner may appoint a conservator for a bank in order to conserve the assets of the bank for depositors and creditors. He may require a sufficient bond and security of the conservator. The conservator shall receive a fixed salary in an amount to be determined by the state banking commissioner.  (b) The conservator shall take possession of all assets of the bank and take action necessary to conserve the assets of the bank. The conservator may employ help necessary to perform his duties. The rights of all parties with respect to a bank in the possession of a conservator shall be the same as if the state banking commissioner had possession of the bank. All expenses of conservatorship shall be paid out of the assets of the bank and shall be a lien on the bank which is prior to any other liens.  (c) The state banking commissioner shall examine the affairs of banks under conservatorship as necessary to keep him informed of the financial condition of the bank.
WY Stat § 13-4-602 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 6 - Conservatorship|Section 13-4-602 - Withdrawal and Deposits.

13-4-602. Withdrawal and deposits.| (a) The state banking commissioner may require a conservator of a bank to make available for withdrawal by depositors and payment on a ratable basis to other creditors amounts that may safely be used for this purpose.  (b) The state banking commissioner may permit the conservator to receive deposits. Deposits received while the bank is in the hands of the conservator shall not be subject to any limitation as to payment or withdrawal, shall be segregated and shall not be used to liquidate any existing indebtedness of the bank or any subsequent indebtedness incurred for the purpose of liquidating any existing indebtedness. Deposits received while the bank is in the hands of the conservator shall be kept on hand in cash, invested in the direct obligations of the United States, or deposited with a federal reserve bank or a bank within the state approved by the state banking commissioner.
WY Stat § 13-4-603 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 6 - Conservatorship|Section 13-4-603 - Termination; Authority of Commissioner.

13-4-603. Termination; authority of commissioner.| The state banking commissioner may terminate the conservatorship and permit the bank to resume the transaction of its business subject to limitations which he may prescribe in the public interest.
WY Stat § 13-4-604 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 6 - Conservatorship|Section 13-4-604 - Termination; Effect on Payments and Notice.

13-4-604. Termination; effect on payments and notice.| (a) Fifteen (15) days after the affairs of a bank have been turned back to its board of directors by the conservator the provisions of W.S. 13-4-602 shall no longer be effective.  (b) Before the conservator turns back the affairs of the bank to its board of directors he shall give notice in a newspaper of general circulation in the community in which the bank is located. The notice shall state the date on which the affairs of the bank will be returned to its board of directors and that the provisions of W.S. 13-4-602 will not be effective fifteen (15) days after that date. On the date of the publication of the notice, the conservator shall send to every depositor under W.S. 13-4-602 a copy of the notice by registered mail addressed to his last known address on the records of the bank and a notice to every person making a deposit in the bank under W.S. 13-4-602 after the date of the newspaper publication and before the affairs of the bank are returned to its directors.
WY Stat § 13-4-701 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 7 - Completion of Liquidation|Section 13-4-701 - Payment of Stockholders.

13-4-701. Payment of stockholders.| (a) If the state banking commissioner has paid the full amount of the claim to each depositor and creditor of the bank whose claims have been allowed, has made provision for unpaid deposits and has paid all the expenses of the liquidation, he shall call a meeting of the stockholders of the bank by giving notice for thirty (30) days in a newspaper published in the county in which the bank was located.  (b) At the meeting the stockholders shall determine whether the state banking commissioner shall continue to administer its assets and wind up the affairs of the bank or whether an agent shall be elected for that purpose. The stockholders shall vote by ballot, each share having one (1) vote. An affirmative vote by the majority of the stock is necessary for a determination.  (c) If it is determined to continue the liquidation under the state banking commissioner, he shall complete the liquidation of the affairs of the bank. After paying the expenses of the liquidation, he shall distribute the proceeds among the stockholders in proportion to the holdings of stock as directed by the district court.  (d) If it is determined to appoint an agent to liquidate, the stockholders shall select the agent by ballot. A majority of the stock present and voting is necessary for a choice. The agent shall file with the state banking commissioner a bond approved by the state banking commissioner to the state of Wyoming for the faithful performance of all the duties of his trust. The state banking commissioner shall then transfer assets of the bank to the agent. The state banking commissioner is discharged from all further liability to the bank and its creditors.  (e) The agent shall perform his duties as would the state banking commissioner except that the expenses of liquidation are subject to the control of the district court.  (f) In case of failure to act by any agent the stockholders may elect a successor.
WY Stat § 13-4-702 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 7 - Completion of Liquidation|Section 13-4-702 - Assets Discovered After Liquidation.

13-4-702. Assets discovered after liquidation.| If assets are discovered after the liquidation proceeding has closed and in the opinion of the state banking commissioner the cost of distributing the assets would prevent the payment of a dividend exceeding one-half of one percent (0.5%), the assets shall be converted into money and paid to the commissioner.
WY Stat § 13-4-703 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 7 - Completion of Liquidation|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 the persons entitled thereto upon satisfactory evidence of their right. In case of doubt he may apply to the court for an order directing the payment. He may apply any interest earned by the money toward defraying the expenses of distribution of the unclaimed deposits or dividends to the depositors and creditors entitled to receive it.  (b) Dividends remaining in the hands of any receiver other than the state banking commissioner or in any account established pursuant to this subsection and unclaimed for five (5) years after the order for final distribution shall escheat to the state as provided by law.
WY Stat § 13-6-101 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 6 - Savings and Loan Associations|Article 1 - Generally|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.
WY Stat § 13-6-102 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 6 - Savings and Loan Associations|Article 1 - Generally|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 by the association;  (ii) The city and county where the principal place of business of the association is to be located, which must be within the state of Wyoming;  (iii) The number of its directors, which shall not be less than five (5);  (iv) The names, occupation and post office addresses of its first directors;  (v) The names, occupation and post-office addresses of the subscribers to the articles of incorporation, and a statement of the number of shares which each has agreed to take;  (vi) The amount of capital actually paid in.  (b) The articles shall be filed in the office of the state banking commissioner for his approval. The association shall at the same time file its bylaws.  (c) The articles of incorporation may be amended by a vote of at least two-thirds (2/3) of the shareholders voting at any meeting. A copy of the resolution making the amendment shall be certified in triplicate by the president and secretary and filed the same as original articles. The amendment is effective from the time of filing.  (d) Each association shall adopt bylaws which shall be in conformity with the laws of this state. Bylaws shall be open to the inspection of the state banking commissioner and the members of the association at its home office. All bylaws shall be approved by the state banking commissioner before becoming effective.  (e) Bylaws shall specify the terms and plans of becoming and continuing a member and of withdrawal, the plan of making loans, distributing profits, equalizing losses, providing for payment of expenses and for a fund with which to pay losses and other rules as are proper for the conduct of the business of the association not inconsistent with the laws of this state.  (f) As used in this chapter:  (i) "Mutual savings and loan association" means a savings and loan association or savings and loan bank without stock in which the borrowers and depositors are members of the savings and loan association or savings and loan bank and have voting rights as members of the association or bank;  (ii) "Shareholder" includes a member of a mutual savings and loan association.
WY Stat § 13-6-201 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 6 - Savings and Loan Associations|Article 2 - Organizational Requirements|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.
WY Stat § 13-6-202 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 6 - Savings and Loan Associations|Article 2 - Organizational Requirements|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 hundred thousand dollars ($500,000.00). In a mutual savings and loan association without capital stock, the association shall not organize with less than five hundred thousand dollars ($500,000.00) in initial capital.  (b) If an association has par value capital stock outstanding of less than one percent (1%) of its savings and investment accounts outstanding, it shall either increase its capital stock to at least one percent (1%) of such outstanding savings accounts or discontinue the acceptance of savings and investment accounts until this amount of capital is provided. This subsection shall not apply to a mutual savings and loan association.