reglab/statecodes huggingface dataset:
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 7 - Statewide Branch Banking › Section 13-2-709 - Loan Production Offices; Activities; Notification; Examination; Name.

13-2-709. Loan production offices; activities; notification; examination; name.
(a) After notifying the commissioner, a bank may establish and operate one (1) or more loan production offices. A loan production office may conduct any of the following activities:
(i) Solicit loans on behalf of the bank or a branch of the bank;
(ii) Assemble credit information;
(iii) Make property inspections and appraisals;
(iv) Secure title information;
(v) Prepare applications for loans, including making recommendations with respect to action;
(vi) Solicit investors to purchase loans from the bank and to contract with the bank for servicing of such loans; and
(vii) Any other activity that federal authorities have approved for a loan production office operated by a national bank.
(b) A bank shall not accept deposits, originate deposits or savings or checking accounts, approve loans or disburse loan funds at a loan production office established pursuant to this section.
(c) The notification to the commissioner shall include the following information:
(i) The street address of the loan production office;
(ii) A general description of the area where the loan production office will be located;
(iii) The proposed activities to be conducted at the loan production office and the types of loans to be solicited at the office.
(d) Each loan production office shall be subject to examination and supervision by the commissioner in the same manner and to the same extent as the bank. If the commissioner determines that the loan production office is violating any applicable law or that the operation of the loan production office is adversely affecting the safety and soundness of the bank, the commissioner may take any appropriate administrative action authorized in this act.
(e) Nothing in this section shall prohibit a bank from establishing and operating a loan production office in a state other than Wyoming, provided that the bank complies with all applicable provisions of Wyoming law, the law of the state where the loan production office will be located and federal law.
(f) Every loan production office operating in this state, including a loan production office operated by a federally chartered financial institution or an out-of-state bank, shall include the words "loan production office" in its title, official documents, letterhead, advertisements, signs and any other communications with its customers or the general public.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 8 - Interstate Branching and Bank Mergers › Section 13-2-803 - Authority of State Banks to Establish Interstate Branches.

13-2-803. Authority of state banks to establish interstate branches.
With the prior approval of the commissioner, a Wyoming state bank may establish, maintain and operate one (1) or more branches in a state other than Wyoming. Not later than the date on which the required application for the establishment of a branch is filed with the responsible federal bank supervisory agency, the applicant Wyoming state bank shall file an application on a form prescribed by the commissioner and pay the fee established pursuant to W.S. 13-2-702(b). The applicant shall also comply with the applicable provisions of W.S. 13-4-101 through 13-4-114.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 8 - Interstate Branching and Bank Mergers › Section 13-2-804 - Interstate Merger Transactions and Branching Permitted.

13-2-804. Interstate merger transactions and branching permitted.
(a) One (1) or more Wyoming banks may enter into an interstate merger transaction with one (1) or more out-of-state banks under this article, and an out-of-state bank resulting from the transaction may maintain and operate the branches in Wyoming of a Wyoming bank that participated in the transaction, provided that the conditions and filing requirements of this article are met.
(b) An interstate merger transaction shall not be permitted under this article, if, upon consummation of the transaction, the resulting bank, including all insured depository institutions that would be affiliates, would control thirty percent (30%) or more of the total amount of deposits held by all insured depository institutions in this state. Nothing in this subsection prohibits an out-of-state bank from merging with a Wyoming bank which, prior to the merger, controls thirty percent (30%) or more of the total amount of deposits held by all insured depository institutions in this state, if the out-of-state bank has not maintained a branch bank in Wyoming prior to the merger.
(c) Repealed By Laws 2013, Ch. 24, 2.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 8 - Interstate Branching and Bank Mergers › Section 13-2-805 - Notice and Filing Requirements; License Fee.

13-2-805. Notice and filing requirements; license fee.
(a) Any out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving a Wyoming bank shall notify the commissioner of the proposed merger not later than the date on which it files an application for an interstate merger transaction with the responsible federal bank supervisory agency, and shall submit a copy of that application to the commissioner together with a filing fee established by rule and regulation of the commissioner. Except as prohibited by federal law, any Wyoming state bank which is a party to the interstate merger transaction shall comply with the applicable provisions of W.S. 13-4-101 through 13-4-114 and with other applicable state and federal laws. Any out-of-state bank which will be the resulting bank in an interstate merger transaction shall provide satisfactory evidence to the commissioner of compliance with applicable requirements of W.S. 17-16-1503, 17-16-1506 and 17-16-1507.
(b) Every branch bank in this state shall be licensed by the commissioner before operating, engaging in or conducting a banking business. The license shall be renewed annually, not more than sixty (60) nor less than thirty (30) days before the anniversary date upon which the initial license is issued.
(c) The commissioner shall fix the amount of the initial license fee and annual renewal fee by rule and regulation. Annual renewal fees may be assessed on a graduated or progressive scale based on deposits, assets, business volume, loans or a combination of these or other factors as determined by the commissioner.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 8 - Interstate Branching and Bank Mergers › Section 13-2-806 - Powers; Additional Branches.

13-2-806. Powers; additional branches.
(a) An out-of-state state bank which establishes and maintains one (1) or more branches in Wyoming under this article may conduct any activities at the branch or branches that are authorized under the laws of this state for branches of Wyoming state banks.
(b) A Wyoming state bank may conduct any activities at any branch outside Wyoming that are permissible for a bank chartered by the host state where the branch is located, except to the extent the activities are expressly prohibited by the laws of this state or by any regulation or order of the commissioner applicable to the Wyoming state bank; provided, however, the commissioner may waive the prohibition if he determines, by order or regulation, that the involvement of out-of-state branches of Wyoming state banks in particular activities would not threaten the safety or soundness of the banks.
(c) An out-of-state bank that has established or acquired a branch in Wyoming under this article may establish or acquire branches in Wyoming to the same extent that any Wyoming bank may establish or acquire a branch in Wyoming under applicable federal and state law.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 8 - Interstate Branching and Bank Mergers › Section 13-2-808 - Enforcement.

13-2-808. Enforcement.
The commissioner may take joint enforcement actions with any other bank supervisory agency having concurrent jurisdiction over any branch in Wyoming of an out-of-state bank or any branch of a Wyoming state bank in any host state or may take such action independently if the commissioner deems the actions to be necessary or appropriate to carry out his responsibilities under this article or to ensure compliance with the laws of this state. In the case of an out-of-state state bank, the commissioner shall recognize the exclusive authority of the home state supervisor over corporate governance matters and the primary responsibility of the home state supervisor with respect to safety and soundness matters. If the commissioner determines that a branch maintained by an out-of-state state bank in this state, or a branch of a Wyoming bank operating in another state, is being operated in violation of any provision of the laws of this state, or that the branch is being operated in an unsafe and unsound manner, the commissioner shall have the authority to take all the enforcement actions as he would be empowered to take if the branch were a Wyoming state bank; provided, that the commissioner shall promptly give notice to the home state supervisor or host state supervisor, as applicable, of each enforcement action taken against an out-of-state bank and, to the extent practicable, shall consult and cooperate with the home state supervisor in pursuing and resolving the enforcement action.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 8 - Interstate Branching and Bank Mergers › Section 13-2-810 - Notice of Subsequent Merger.

13-2-810. Notice of subsequent merger.
Each out-of-state state bank that has established and maintains a branch in this state pursuant to this article, or the home state supervisor of the bank, shall give at least thirty (30) days prior written notice (or, in the case of an emergency transaction, any shorter notice that is consistent with applicable state or federal law) to the commissioner of any merger, consolidation, or other transaction that would cause a change of control with respect to the bank or any bank holding company that controls the bank, with the result that an application would be required to be filed pursuant to the federal Change in Bank Control Act of 1978, as amended, 12 U.S.C. section 1817(j), or the federal Bank Holding Company Act of 1956, as amended, 12 U.S.C. section 1841 et seq., or any successor statutes thereto.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 9 - Foreign Branch Banking › Section 13-2-901 - Purpose.

13-2-901. Purpose.
(a) This article is intended generally to ensure that:
(i) Interstate state branches of out-of-state foreign banks may be established and operated in this state:
(A) To the extent consistent with the provisions of 12 U.S.C. section 3103; and
(B) Under terms and conditions that are comparable to and no less favorable than those applicable to the establishment of interstate federal branches in this state by out-of-state foreign banks.
(ii) The laws and regulations of this state applicable to the establishment of interstate state branches in this state by out-of-state banks do not, in a manner inconsistent with the laws and policies of the United States, discriminate against the establishment of interstate state branches in this state by out-of-state domestic banks that are owned or controlled by foreign banks or other foreign persons.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 9 - Foreign Branch Banking › Section 13-2-902 - Definitions.

13-2-902. Definitions.
(a) As used in this article:
(i) "Foreign bank" means any company organized under the laws of a foreign country, a territory of the United States, Puerto Rico, Guam, American Samoa or the Virgin Islands, that engages directly in the business of banking. The term includes foreign commercial banks, foreign merchant banks and other foreign institutions that engage in banking activities usual in connection with the business of banking in countries where the foreign institutions are organized or operating;
(ii) "Home state" means as defined in W.S. 13-2-802(a)(vi);
(iii) "Interstate federal branch" means a branch of an out-of-state foreign bank established pursuant to 12 U.S.C. section 3103(a)(1);
(iv) "Interstate Wyoming state branch" means a branch of an out-of-state foreign bank that is established in this state pursuant to 12 U.S.C. section 3103(a)(2);
(v) "Out-of-state foreign bank" means a foreign bank, the home state of which is a state other than Wyoming;
(vi) "Out-of-state bank" means a bank, the home state of which is a state other than Wyoming;
(vii) "State" means as defined in W.S. 13-2-802(a)(xiv).
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 9 - Foreign Branch Banking › Section 13-2-903 - Establishment of Interstate Branches by Out-of-State Foreign Banks.

13-2-903. Establishment of interstate branches by out-of-state foreign banks.
An out-of-state foreign bank may establish an interstate Wyoming state branch in the same manner as, and subject to the same criteria, standards, conditions, requirements and procedures applicable to the establishment of interstate branches in this state by an out-of-state bank having the same home state in the United States.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 2 - Organization of Banks › Article 9 - Foreign Branch Banking › Section 13-2-904 - Establishment of Interstate Branches by Out-of-State Domestic Banks Owned or Controlled by Foreign Banks or Other Foreign Persons.

13-2-904. Establishment of interstate branches by out-of-state domestic banks owned or controlled by foreign banks or other foreign persons.
An out-of-state domestic bank owned or controlled by a foreign bank or other foreign person may establish an interstate Wyoming state branch in the same manner as, and subject to the same criteria, standards, conditions, requirements and procedures applicable to the establishment of interstate branches in this state by an out-of-state bank having the same home state in the United States.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 3 - Banking Operations › Article 1 - Generally › Section 13-3-101 - Bond Required of Officers and Employees.

13-3-101. Bond required of officers and employees.
The state banking commissioner may require all active officers and employees of banks to furnish a fidelity bond in duplicate in an amount to be fixed by the state banking commissioner and written by a surety company authorized to do business in Wyoming. One (1) copy of the bond shall be filed with the state banking commissioner.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 3 - Banking Operations › Article 1 - Generally › Section 13-3-102 - Loans to Executive Officers, Directors, Principal Shareholders or Others With Ownership Interests.

13-3-102. Loans to executive officers, directors, principal shareholders or others with ownership interests.
No bank shall loan any of its funds to executive officers, directors or to any person owning or controlling ten percent (10%) or more of the bank's or its bank holding company's voting ownership interests, or to any person in which any of the executive officers, directors or owners or controllers are interested except upon the written application of the person and then only with the prior approval of a majority of the board of directors. The approval of the loan, if allowed, shall be made a part of the records of the directors' meeting.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 3 - Banking Operations › Article 1 - Generally › Section 13-3-103 - Preference to Depositors or Creditors Prohibited; Exceptions.

13-3-103. Preference to depositors or creditors prohibited; exceptions.
A bank shall not give preference to any depositor or creditor by pledging the assets of the bank as security except that the bank may qualify as depository for United States deposits, postal savings funds or other public funds by deposit of the securities required by law and except as otherwise permitted by this act.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 3 - Banking Operations › Article 2 - Restricted Operations › Section 13-3-201 - Acquisition of Real Estate.

13-3-201. Acquisition of real estate.
(a) No bank shall purchase, hold, convey or lease real estate except for the following purposes:
(i) Real estate and buildings necessary to transact the business of a bank including its banking offices and other premises in the same buildings to rent as a source of income. The property shall not be carried on the books of the bank as an asset in an amount in excess of one hundred percent (100%) of the bank's capital and surplus and, with the prior approval of the state banking commissioner, undivided profits and reserve accounts. When any bank ceases to use the real estate and improvements for banking purposes, it shall, within five (5) years from the date of vacation of the premises, sell the property;
(ii) Real estate which is purchased by or conveyed to the bank in satisfaction of or on account of debts previously contracted in the course of its business;
(iii) Real estate which is purchased at execution sale or acquired by decree under securities held by it.
(b) Any real estate acquired as provided in subsections (a)(ii) and (iii) of this section shall be entered on the books as other real estate at not more than acquisition cost, or appraised fair market value, whichever is less, shall be appraised at least every twenty-four (24) months, and shall be sold within ten (10) years after title to the property is acquired. Any real estate acquired prior to July 1, 1992 shall be carried on the bank's books at the lower of the bank's book value for that property as of July 1, 1992 or appraised value.
(i) Repealed by Laws 1992, ch. 46, 2.
(ii) Repealed by Laws 1992, ch. 46, 2.
(c) If any real estate is not sold within the time required in this section, it shall not thereafter be carried as an asset of the bank. This section shall not apply to real estate purchased with funds other than the capital and resources of the banking business nor to real estate held in trust.
(d) Any bank acquiring any real estate in any manner other than as provided by this section shall immediately charge it to a reserve for losses or to undivided profits.
(e) Any appraisal required under subsection (b) of this section for property which is carried on the bank's books at a value equal to or exceeding two hundred fifty thousand dollars ($250,000.00) shall be conducted by a real estate appraiser certified or licensed by the state in which the property is located, who is not an officer or director of the bank and whose reports are acceptable to the state banking commissioner.
(f) Any appraisal required under subsection (b) of this section may be waived by the state banking commissioner upon written application from the bank.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 3 - Banking Operations › Article 2 - Restricted Operations › Section 13-3-202 - Investment in Stock of Other Corporations.

13-3-202. Investment in stock of other corporations.
(a) No bank shall invest any of its assets in the capital stock of any other corporation except as follows:
(i) In the capital stock of a federal reserve bank;
(ii) In stock acquired to save a loss on a preexisting debt which shall be sold within twelve (12) months from the date acquired unless a longer period of time is permitted by the state banking commissioner;
(iii) In the stock of a small business investment company as defined by the federal Small Business Investment Act of 1958 as amended;
(iv) In the stock of the federal national mortgage association;
(v) In the stock of a corporation formed solely for the purpose of making agricultural loans and borrowing or discounting loans from banks and associations of the farm credit system as authorized in the Farm Credit Act of 1971 (P.L. 92-181), subject to such conditions and limitations as the state banking commissioner may prescribe;
(vi) In the stock of a bank service corporation pursuant to W.S. 13-9-101;
(vii) In mutual fund shares whose underlying securities consist solely of obligations of the United States treasury or other federal agency obligations;
(viii) In the stock of a federal home loan bank established under the Federal Home Loan Bank Act;
(ix) In the stock of an operating subsidiary in accordance with W.S. 13-3-204;
(x) In the stock of a bank engaged exclusively in providing services to state or national banks or their subsidiary corporations, bank holding companies or their subsidiary corporations, or other financial institutions, hereinafter referred to as a "banker's bank," subject to the following limitations:
(A) The investing bank may not acquire or retain ownership, control or power to vote more than five percent (5%) of any class of voting stock or securities of a banker's bank; and
(B) The investing bank may not invest in a banker's bank more than ten percent (10%) of its capital stock and paid in and unimpaired surplus.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 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.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 4 - Reorganization of Banks › Article 1 - Merger, Conversion, Change in Place of Business › Section 13-4-102 - Amendment to Articles of Incorporation.

13-4-102. Amendment to articles of incorporation.
(a) A bank may amend its articles of incorporation pursuant to the requirements of W.S. 17-16-1001 through 17-16-1009. The articles of amendment shall be executed in triplicate with an executive officer executing in the place of the corporate secretary. Notice of the shareholders' meeting to vote on a proposed amendment shall be given as provided by the bylaws of the bank.
(b) Triplicate originals of the articles of amendment shall be delivered to the state banking commissioner together with a fee required for filing documents with the secretary of state. If the state banking commissioner finds that the articles of amendment do not conform to law he shall return them to the corporation. If the state banking commissioner finds that the articles of amendment conform to the law he shall endorse on the articles of amendment his certificate of approval together with the word "filed" and the month, day and year of filing, and he shall file one (1) of the triplicate originals in his office and one (1) in the office of the secretary of state. The state banking commissioner shall issue a certificate of amendment, affix it to the third triplicate original of the articles of amendment and return it to the corporation or its representatives.
(c) Upon the issuance of the certificate of amendment by the state banking commissioner, the amendment is effective and the articles of incorporation shall be amended accordingly.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 4 - Reorganization of Banks › Article 1 - Merger, Conversion, Change in Place of Business › Section 13-4-103 - Cancellation of Charter.

13-4-103. Cancellation of charter.
(a) The charter of any bank organized under this act is forfeited and cancelled in any of the following cases:
(i) Upon completion of a liquidation;
(ii) Merger which makes unnecessary the continued use of the charter of a bank due to the loss of its corporate identity to another banking institution;
(iii) If a regular place of business has not been maintained by any bank for two (2) years.
2023 Wyoming Statutes › Title 13 - Banks, Banking and Finance › Chapter 4 - Reorganization of Banks › Article 1 - Merger, Conversion, Change in Place of Business › Section 13-4-104 - Merger or Conversion Into State Bank; Branch Banking by Merger or Consolidation; Application Fees.

13-4-104. Merger or conversion into state bank; branch banking by merger or consolidation; application fees.
(a) Upon approval by the state banking commissioner, banks may be merged to result in a state bank or a national bank may convert into a state bank. The action by a national bank is subject to the laws of the United States.
(b) Any state or national bank that consolidates or merges in accordance with subsection (a) of this section may upon the completion of the consolidation or merger retain, operate and maintain the banking houses or offices of the merged or consolidated entities and provide other services or functions as would be permitted had the consolidation or merger not occurred. When a merger or consolidation application from a state bank results in maintaining the merged banking house or office as a branch, the application for merger shall be accompanied by an application fee established by rule and regulation of the state banking commissioner. For each additional bank being merged into the same bank, the application fee shall be increased by an amount established by rule and regulation of the state banking commissioner. All fees 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.
(c) Repealed By Laws 2013, Ch. 24, 2.