§ 13-1-101 — Definitions

Wyoming § 13-1-101

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 1: GENERAL PROVISIONS
• Art. 1: DEFINITIONS

Text

(a) As used in this act, unless another definition is
specifically provided for a section, article or chapter of this
act:
(i) "Bank" means any corporation, excluding national
banks, having a place of business within this state which
engages in banking business, and includes a special purpose
depository institution, subject to the limitations set forth in
W.S. 13-12-101 through 13-12-126;
(ii) "Banking business" means opening credits by the
deposit or collection of money or negotiable paper subject to be
paid upon draft, receipt, check or order;
(iii) "Bank holding company" means a company that is
a bank holding company under the federal Bank Holding Company
Act of 1956, as amended, 12 U.S.C. 1841, et seq., and unless the
context requires otherwise, for purposes of W.S. 13-2-802
through 13-2-810 and 13-9-306 through 13-9-316 includes a
Wyoming bank holding company, an out-of-state bank holding
company and a foreign bank holding company;
(iv) "Board" means the state banking board;
(v) "Commissioner" means the state banking
commissioner;
(vi) "Customer" means any person having an account
with a bank or for whom a bank has agreed to collect items
including a bank carrying an account with another bank;
(vii) "Director" means the director of the state
department of audit;
(viii) "Executive officer" means a person who
participates or has authority to participate, other than in the
capacity of a director, in major policymaking functions of the
company or bank, whether or not the officer has an official
title, the title designates the officer an assistant, or the
officer is serving without salary or other compensation. The
chairman of the board, the president, every vice president, the
cashier, the secretary and the treasurer of a company or bank
are considered executive officers, unless the officer is
excluded, by resolution of the board of directors or by the
bylaws of the bank or company, from participation, other than in
the capacity of a director, in major policymaking functions of
the bank or company, and the officer does not actually
participate therein. An executive officer of a bank includes an
executive officer of a bank holding company of which the bank is
a subsidiary and any other subsidiary of that bank holding
company, unless the executive officer of the subsidiary is
excluded, by name or by title, from participation in major
policymaking functions of the bank by resolutions of the boards
of directors of both the subsidiary and the bank, and does not
actually participate in such major policymaking functions;
(ix) "Financial institution" means a bank, savings
and loan association, trust company or state chartered credit
union;
(x) "Instrument" means a negotiable instrument as
defined by W.S. 34.1-3-104;
(xi) "Legal holiday" means:
(A) Any day of public thanksgiving, mourning or
disaster proclaimed or appointed by the governor or president of
the United States;
(B) A day designated a holiday by W.S. 8-4-101;
(C) Sundays; and
(D) Any day on which the federal reserve banks
are closed for business.
(xii) "National banking association" or "national
bank" means a banking association chartered by the United
States;
(xiii) "Officer" means any person designated an
officer by the bylaws of a bank including any executive officer,
the chairman of the board of directors, the chairman of the
executive committee, the president, vice-president, cashier and
any trust officer, assistant vice-president, assistant
treasurer, assistant cashier, assistant comptroller or any
person who performs the duties appropriate to those offices;
(xiv) "This act" unless otherwise indicated means
W.S. 13-1-101 through 13-11-101;
(xv) "Trust business" means the holding out by a
person to the public at large by advertising, solicitation or
other means that such person is available to act as an executor,
administrator, guardian, conservator or trustee in this state
and accepting and undertaking to perform the duties in such a
capacity in the regular course of his business;
(xvi) "Special purpose depository institution" means
a corporation operating pursuant to W.S. 13-12-101 through 13-
12-126.