(h) Repealed By Laws 1999, ch. 42, § 3. (j) No person operate a remote electronic terminal in this state unless the commissioner has approved a written sponsorship agreement between the person and a Wyoming financial institution or a financial institution having a place of business in this state. Every sponsorship agreement shall include the following information: (i) The name, address and telephone number of the of the remote electronic terminal; (ii) The name and address of the institution; (iii) The names of the network systems that will be utilized; (iv) A list of the location and address where each remote electronic terminal covered by the agreement will be located. (k) An owner of a remote electronic terminal shall operate the terminal in compliance with applicable federal, state and local laws governing the management, operation and safety of the terminal. No agreement to operate or share a remote electronic terminal shall prohibit, limit or restrict the right of a Wyoming financial institution or other financial institution having a place of business in this state to charge a customer any fee not prohibited by state or federal law. No agreement to operate or share a remote electronic terminal shall require a Wyoming financial institution or other financial institution having a place of business in this state to limit or waive its rights or obligations under this article. (m) Repealed by Laws 2017, ch. 23, § 2. (n) A Wyoming financial institution or person operating a remote electronic terminal in this state who, after receiving notice from the commissioner, fails to comply with any of the provisions of this section or rule or regulation adopted pursuant to this section, is guilty of a misdemeanor punishable by a fine of not less than one hundred dollars ($100.00) nor more than five thousand dollars ($5,000.00), imprisonment for not more than one (1) year, or both. (o) The attorney general, upon request from the commissioner, may bring an action in a court of competent
132809. Repealed By Laws 1999, ch. 42, § 3. 132810. Notice of subsequent merger. Each outofstate 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. ARTICLE 9 - FOREIGN BRANCH BANKING 132901. Purpose. (a) This article is intended generally to ensure that: (i) Interstate state branches of outofstate 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 outofstate foreign banks. (ii) The laws and regulations of this state applicable to the establishment of interstate state branches in this state by outofstate 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 outofstate domestic banks that are owned or controlled by foreign banks or other foreign persons. 132902. Definitions.
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 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 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. 134702. 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 onehalf of one percent (0.5%), the assets shall be converted into money and paid to the commissioner. 134703. Unclaimed dividends and deposits. (a) Dividends and deposits remaining in the of the state banking commissioner six (6) months after the order for
to the family member either directly, in case of lineal kinship, or through the common ancestor, in the case of collateral kinship. (vii) "Family trust company" means a corporation or limited liability company that: (A) Acts or proposes to act as a fiduciary; (B) Is organized or qualified to do business in this state to serve family members; (C) Does not transact trust company business with, propose to act as a fiduciary for or solicit trust company business with the general public; and (D) Whose officers execute and deliver a signed waiver to the commissioner acknowledging that the family trust company is not regulated under this act and its members are not afforded any of the protections or privileges of this act. (viii) "Governing board" means: (A) In the case of a corporation, the board of directors of the corporation; (B) In the case of a limited liability company, the manager of the limited liability company. (ix) "Lineal kinship" means a family member who is in the direct line of ascent or descent from the designated kinship; (x) "Officers, managers and directors of a family affiliate" a natural person, including any officer, manager or director’s spouse who holds a joint, community property or other similar shared ownership interest with that officer, manager or director, who is an executive officer, director, trustee, general partner or person serving in a similar capacity who, in connection with his or her regular functions or duties, participates in the investment activities of the company, provided that the employee has been performing functions and duties for or on behalf of the chartered family trust company for at least twelve (12) months; (xi) "Organizational instrument" the articles of incorporation for a corporation or the articles of organization for a limited liability company;
(b) Whenever the state banking commissioner deems any indebtedness incurred under the provisions of this section to be detrimental to the interest of the association, he shall notify the association to reduce its indebtedness to an amount he considers reasonable, giving the association reasonable time to effect the reduction of indebtedness. 137402. Borrowing from federal home loan bank. (a) Any state savings and loan association may borrow money from the federal home loan bank, when authorized by resolution of its board of directors, upon terms and rates of interest as may be agreed upon. It may assign and pledge its notes, bonds, mortgages or other property and repledge the shares of stock or savings certificates pledged to it as collateral security without securing the consent of the owner as security for the repayment of its indebtedness. Any lawful holder of any evidence of indebtedness due to an association may enforce, in his own name or in the name of the association, all appropriate remedies to enforce collection, whether or not the stock or savings certificate described in connection with the note is held by the pledgee or holder. (b) Any obligation incurred or loan made by an association constitutes a claim against the corporate assets and is payable in advance of, and by preference over, all claims or rights of the shareholders or holders of savings certificates in any of the assets of the association. These obligations are senior to any demand for the withdrawal or cancellation of all classes of shares or savings certificates in the association including matured shares or savings certificates. (c) The existence of a withdrawal list consisting of members desiring to withdraw from the association does not prevent the of directors of the association from borrowing money from the federal home loan bank to be used solely for the purpose of making mortgage loans to the members of the association, but all borrowed money shall be exclusively used for the purpose borrowed. A savings and loan association shall not at any time borrow money from the federal home loan bank in an amount exceeding any limit fixed by the laws of this state. ARTICLE 5 - LOANS 137501. General requirements.
in existence and in continuous operation for at least three (3) years. A state bank resulting from the conversion of a federally chartered savings and loan, federally chartered savings bank or state savings and loan pursuant to W.S. 134109 or a national bank resulting from the conversion of a federally chartered savings and loan or federally chartered savings bank pursuant to the procedures prescribed by the laws of the United States shall be deemed to have been in existence for the same period of time as the converting federally chartered savings and loan, federally chartered savings bank or state savings and loan or a predecessor. 139311. Procedures relating to applications. The commissioner shall decide whether to approve an acquisition under this article within ninety (90) days after receipt of a completed application, and if approved, shall within the ninety (90) day period, issue a certificate of authority permitting the acquisition. 139312. Reports; examinations. (a) To the extent specified by the commissioner by regulation, or written request, each bank holding company that directly or indirectly controls a Wyoming bank or a Wyoming bank holding company, or the home state supervisor of the company, shall submit to the commissioner: (i) One (1) or more copies of each financial report, other than reports the disclosure of which would be prohibited by applicable federal or state law, filed by the company with any bank supervisory agency within fifteen (15) days after the filing thereof with the agency; and (ii) An annual report, not later than April 15, of each year, specifying for each bank and branch, in this state controlled by the bank holding company: (A) The location; (B) The amount of deposits held as of the end of the preceding calendar year; and (C) The amount of loans made and held during the preceding calendar year to individuals and entities with addresses in this state.