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Wyoming Statutes Title 13. Banks, Banking and Finance § 13-4-205. Impairment of capital; failure to restore

Current as of January 01, 2024 | Updated by Findlaw Staff

If any board of directors fails to comply with any request to restore an impairment of capital for a period of more than thirty (30) days after a request is made by the state banking commissioner, the bank is conclusively presumed to be insolvent and the state banking commissioner shall immediately take possession of the bank and proceed to liquidate it as provided by law.

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Cite this article: FindLaw.com - Wyoming Statutes Title 13. Banks, Banking and Finance § 13-4-205. Impairment of capital; failure to restore - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-13-banks-banking-and-finance/wy-st-sect-13-4-205/

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