reglab/housing_qa huggingface dataset:
WY Stat § 13-3-203 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 2 - Restricted Operations|Section 13-3-203 - Borrowing.

13-3-203. Borrowing.| (a) A bank may borrow on and pledge assets of the bank as security for temporary purposes. If it appears that any bank is habitually borrowing for the purpose of reloaning the state banking commissioner may require the bank to pay off the borrowed money. A bank is not prevented from rediscounting in good faith and endorsing any of its negotiable notes.  (b) Repealed by Laws 1992, ch. 46, § 2.  (c) No bank shall sell or rediscount "without recourse" any notes or other negotiable securities on which the bank is in any way liable under purchase or guarantee agreements and any purchaser of notes or negotiable securities purchased "without recourse" shall look to the maker or guarantor of the notes or negotiable securities only for payment.  (d) Any bank may borrow money from a federal reserve bank or federal home loan bank in the manner required by the rules, laws and regulations of the federal reserve banks or federal home loan bank, as applicable. A bank borrowing pursuant to this section may pledge assets of the bank as security for the borrowing.  (e) Repealed by Laws 1992, ch. 46, § 2.  (f) State chartered banks may engage in other borrowing activities subject to approval of the commissioner.
WY Stat § 13-3-301 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 3 - Accounting Practices|Section 13-3-301 - Losses to Be Charged to Surplus Fund.

13-3-301. Losses to be charged to surplus fund.| Any losses sustained by a bank in excess of its undivided profits shall be charged to its surplus fund. The surplus fund shall subsequently be reimbursed from earnings. No dividends shall be declared or paid by any bank in excess of one-half (1/2) of its net earnings until the surplus fund is fully restored to its former amount or an amount equal to one hundred percent (100%) of the paid up capital.
WY Stat § 13-3-302 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 3 - Accounting Practices|Section 13-3-302 - Bad Debts.

13-3-302. Bad debts.| All demand and matured debts due to any bank on which interest has not been paid for a period of at least twelve (12) months, unless in the judgment of the state banking commissioner the debts are well secured or are in the process of collection, are bad debts and shall be charged in whole or in part to the reserve for losses or to undivided profits upon instructions of the state banking commissioner or any duly appointed examiner.
WY Stat § 13-3-303 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 3 - Accounting Practices|Section 13-3-303 - Value of Stocks Held.

13-3-303. Value of stocks held.| All investments in any bank in stocks of any corporation authorized by W.S. 13-3-202 shall be entered on the books of the bank at a sum not to exceed the actual cost to the bank. The state banking commissioner may require an asset to be charged down to its actual value.
WY Stat § 13-3-304 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 3 - Accounting Practices|Section 13-3-304 - Dividends.

13-3-304. Dividends.| (a) The board of directors may, quarterly, semiannually or annually, declare a dividend of so much of the net profits of the bank as they judge proper, except that no dividends shall be declared until the surplus fund of the bank equals its common capital unless there has been carried to the surplus fund not less than ten percent (10%) of the bank's net profits of the preceding six (6) consecutive months in the case of quarterly or semiannual dividends, or not less than ten percent (10%) of its net profits of the preceding twelve (12) consecutive months in the case of annual dividends. For the purposes of this section, any amounts paid into a fund for the retirement of any preferred stock of any bank out of its net profits for such period are deemed to be additions to its surplus fund if, upon retirement of the preferred stock, the amounts paid into the retirement fund may then properly be carried to surplus. In such case, the bank is obligated to transfer to surplus the amounts paid into the retirement fund on account of the preferred stock as the stock is retired.  (b) The approval of the state banking commissioner is required if the total of all dividends declared by the bank in any calendar year shall exceed the total of its net profits of that year combined with its retained net profits of the preceding two (2) years, less any required transfers to surplus or a fund for the retirement of any preferred stock.  (c) For the purpose of this section:  (i) "Net profits" means the net income or loss reported by a bank in its report of condition and income;  (ii) "Retained net profits" for any period shall be equal to the net income or loss reported in the report of condition and income less any common or preferred stock dividends declared or otherwise charged to the undivided profits of the period for which the retained net profits are computed.  (d) No dividend shall be declared by the board of directors of any bank which is operating under any form of regulatory action without prior written approval of the state banking commissioner.
WY Stat § 13-3-401 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 4 - Restricted Transactions|Section 13-3-401 - Real Estate Loans.

13-3-401. Real estate loans.| (a) Any bank may make real estate loans upon real estate secured by a mortgage, deed of trust or other instrument of similar security which comprises a lien upon the secured property. A bank may make a real estate loan or purchase these obligations in whole or in part at any time prior to the maturity of the obligation if the participation interest of the bank is adequately protected by the terms of the participation agreement.  (b) Repealed By Laws 1983, Ch. 20, §§ 1 & 2; 2014, Ch. 32, § 1.  (c) Repealed By Laws 2014, Ch. 32, § 1.  (d) Repealed By Laws 1996, ch. 54, § 1.  (e) Repealed by Laws 1992, ch. 46, § 2.  (f) Repealed By Laws 2014, Ch. 32, § 1.
WY Stat § 13-3-402 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 4 - Restricted Transactions|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%) of its unimpaired surplus fund plus twenty percent (20%) of its unimpaired undivided profits.  (b) As used in this section, W.S. 13-3-403 and 13-3-404, "loans or extensions of credit", "indebted" and "obligations" means the direct liability of the maker or acceptor of paper discounted with or sold to a bank and includes, but are not limited to, outstanding letters of credit and unfunded commitments. Indebtedness of a partnership includes the obligations of the several members thereof individually and indebtedness of a corporation includes all obligations of all subsidiaries thereof in which the corporation owns or controls a majority interest.  (c) The board of directors shall review and give prior approval for all combinations of indebtedness of affiliated persons, firms, partnerships, associations or corporations which exceed the limits permitted by subsection (a) of this section. For purposes of this section "affiliated" means that twenty-five percent (25%) or more of each entity is owned or controlled by a common principal.
WY Stat § 13-3-403 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 4 - Restricted Transactions|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 banks;  (v) Loans or extensions of credit secured by a segregated deposit account in the lending bank, if a security interest has been perfected in the assigned account and, in the case of a deposit eligible for withdrawal prior to the maturity of the secured loan, the bank has established internal procedures which will prevent the release of the security;  (vi) Loans or extensions of credit secured by certificates of indebtedness, bonds, notes or treasury bills of the United States or by other debts fully guaranteed as to principal and interest by the United States government. Collateral values shall fully secure the loan or extension of credit at current market value, provided that should market value decline below that of the loan or extension of credit, that within ten (10) days of that decline, the limitations of W.S. 13-3-402 will then apply;  (vii) Loans or extensions of credit made in connection with a lender credit card, as defined in W.S. 40-14-140(a)(ix) not exceeding five thousand dollars ($5,000.00).  (b) Repealed by Laws 1992, ch. 46, § 2.  (c) Repealed by Laws 1992, ch. 46, § 2.  (d) Repealed By Laws 1998, ch. 106, § 2.
WY Stat § 13-3-404 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 4 - Restricted Transactions|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 invest as established by rule and regulation of the commissioner; or  (iii) Guaranteed or insured by any agency of the federal government for the payment of the obligations of which the full faith and credit of the United States is pledged. These commitments shall be unconditional and shall be performed by payment of cash or its equivalent within three (3) months after demand.
WY Stat § 13-3-405 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 4 - Restricted Transactions|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) No bank shall accept drafts or bills of exchange or issue letters of credit for any one (1) person or entity to an amount equal at any time in the aggregate to more than twenty percent (20%) of its paid up and unimpaired capital and surplus plus twenty percent (20%) of its unimpaired undivided profits unless the bank is secured either by attached documents or by some other actual security growing out of the same transaction. The aggregate amount of acceptances of letters of credit to any one (1) person or entity shall not at any time exceed the paid-up unimpaired capital and surplus and unimpaired undivided profits of the bank.
WY Stat § 13-3-501 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 5 - Records|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.
WY Stat § 13-3-502 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 5 - Records|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 requires to be retained permanently.
WY Stat § 13-3-503 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 5 - Records|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.
WY Stat § 13-3-504 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 5 - 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.
WY Stat § 13-3-505 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 5 - Records|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 commissioner shall consider:  (i) Actions and administrative proceedings in which the production of bank records might be necessary or desirable;  (ii) State and federal statutes of limitation applicable to actions or proceedings;  (iii) The availability of information contained in bank records from other sources;  (iv) Other matters pertinent to the interests of bank customers, shareholders and the people of the state of Wyoming.
WY Stat § 13-3-506 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 5 - Records|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.
WY Stat § 13-3-507 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 5 - Records|Section 13-3-507 - Reproduction.

13-3-507. Reproduction.| Any bank may cause any of its records including those held by it as a fiduciary, to be photographed, microfilmed or otherwise reproduced in permanent form. Any photograph or reproduction has the same effect as the original and shall be admitted in evidence in lieu of the original.
WY Stat § 13-3-602 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 6 - Certified Checks; Nonpayment of Instrument|Section 13-3-602 - Certified Checks.

13-3-602. Certified checks.| The amount of any check certified shall immediately be charged to the drawer's account and credited to a certified check account from which the check is payable.
WY Stat § 13-3-603 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 6 - Certified Checks; Nonpayment of Instrument|Section 13-3-603 - Nonpayment of Instrument When Person Influenced by Alcohol or Drugs.

13-3-603. Nonpayment of instrument when person influenced by alcohol or drugs.| Any bank may refuse to pay any check, draft or order upon it if the officers or owners of the bank have reason to believe that the person signing or endorsing the instrument is or was so under the influence of alcohol or drugs as to make it doubtful whether the person is or was capable of transacting business at the time of signing or endorsing the instrument. No cause of action accrues against the bank by reason of the refusal of a bank or officer to pay an instrument under this section.
WY Stat § 13-3-701 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 7 - Reports and Examinations|Section 13-3-701 - Reports to State Banking Commissioner.

13-3-701. Reports to state banking commissioner.| (a) Repealed By Laws 1998, ch. 64, § 2.  (b) Repealed By Laws 1998, ch. 64, § 2.  (c) Repealed By Laws 1998, ch. 64, § 2.  (d) The state banking commissioner may call for special reports verified under oath from any bank at any time as necessary to inform the state banking commissioner of the condition of the bank.  (e) All reports required of financial institutions by the commissioner under this act and all materials relating to examinations of financial institutions under this act shall be subject to the provisions of W.S. 9-1-512.
WY Stat § 13-3-702 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 7 - Reports and Examinations|Section 13-3-702 - Inspection of Banks; Fees.

13-3-702. Inspection of banks; fees.| (a) Every bank is subject to the inspection of the state banking commissioner. The state banking commissioner or a duly appointed examiner shall visit and examine each bank as often as the commissioner deems necessary and at least as frequently as required by the federal deposit insurance corporation, with or without previous notice to the officers of or anyone interested in the bank. The state banking commissioner or a duly appointed examiner shall make a complete and careful examination of the condition and resources of the bank, the mode of managing bank affairs and conducting its business, the action of bank officers and directors in the investment and disposition of bank funds, the safety and prudence of bank management, the security afforded to those by whom bank engagements are held, whether the requirements of this act are being complied with and such other matters as the state banking commissioner may prescribe. If the state banking commissioner examines a bank more than twice in any calendar year, the bank shall pay to the state banking commissioner an additional fee established by rule and regulation of the commissioner.  (b) Repealed by Laws 1994, ch. 14, § 2.  (c) On or before January 31 and July 31 each bank shall compute and pay supervisory fees to the state banking commissioner based on the total asset base of the bank as of the preceding December 31 and June 30 respectively. The supervisory fees are to provide for the general administration and operating costs of the office of the state banking commissioner for the administration of the laws and regulations governing the banking industry generally. Such fees shall be established by regulation of the state banking commissioner and shall be adjusted by regulations issued by the state banking commissioner to assure consistency with the cost of supervision and the fees paid by national banks. Other fees assessed for administrative services caused by applications or activities attributable to a specific financial institution or entity, shall be used to defray the cost of the special services and, to the extent possible, shall be recovered from the financial institution or entity which requires the special service.
WY Stat § 13-3-703 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 3 - Banking Operations|Article 7 - Reports and Examinations|Section 13-3-703 - Exchange With Federal Deposit Insurance Corporation and Federal Reserve System Authorized.

13-3-703. Exchange with federal deposit insurance corporation and federal reserve system authorized.| (a) The state banking commissioner may accept examinations of banks by or reports to the federal deposit insurance corporation or federal reserve system in lieu of examinations or reports required by this act.  (b) The state banking commissioner may furnish copies of reports from and examinations of banks under state supervision and information possessed by the state banking commissioner with reference to the conditions of affairs of banks to the federal deposit insurance corporation or federal reserve system.  (c) The provisions of this section are in addition to other provisions of this act which authorize the commissioner to receive examination or other reports or share examination or other reports with other bank supervisory agencies.
WY Stat § 13-4-101 (2021)
2021 Wyoming Statutes|Title 13 - Banks, Banking and Finance|Chapter 4 - Reorganization of Banks|Article 1 - Merger, Conversion, Change in Place of Business|Section 13-4-101 - Change in Place of Business.

13-4-101. Change in place of business.| (a) Any bank may apply in writing to the state banking commissioner for permission to change its place of business to any other municipality in the state. The application shall be accompanied by a fee established by rule and regulation of the commissioner and shall state the reasons for the proposed change, be signed by a majority of its board of directors and accompanied by the written assent to the application by the stockholders owning at least two-thirds (2/3) of its stock. The application fee 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.  (b) If the state banking commissioner determines that the change may be desirable, he shall hold a hearing upon the application pursuant to the Wyoming Administrative Procedure Act.  (c) The applicant shall publish notice of the hearing once a week for three (3) consecutive weeks in a newspaper of general circulation in all municipalities affected by the change. At the conclusion of the hearing if the state banking commissioner finds that a change of location is desirable and in the best interests of the bank and the municipality to which the bank is proposing to move, he shall grant a certificate authorizing the change of location.