Wyoming § 13-1-704 Temporary hold on transactions

Wyoming Statutes

§ 13-1-704 — Temporary hold on transactions

Wyoming § 13-1-704

Title 13Banks, Banking and Finance

Ch. 1GENERAL PROVISIONS

Art. 7PROTECTION OF VULNERABLE ADULTS

This text of Wyoming § 13-1-704 (Temporary hold on transactions) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 13-1-704 (2026).

Text

(a)Notwithstanding any other state law, a financial institution:

(i)May place a hold on any transaction that involves an account of a vulnerable adult or that contains the vulnerable adult's assets or property if the financial institution:

(A)Submits a report of suspected financial exploitation of the vulnerable adult to the department as required under this article; and

(B)Has cause to believe the transaction is related to the suspected financial exploitation alleged in the report.

(ii)Shall place a hold on any transaction involving an account of a vulnerable adult if the hold is requested by the department or a law enforcement agency.

(b)Subject to subsection (c) of this section, a hold placed on any transaction under subsection (a) of this section shall not exceed five (5) busines

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(a) Notwithstanding any other state law, a financial
institution:
(i) May place a hold on any transaction that involves
an account of a vulnerable adult or that contains the vulnerable
adult's assets or property if the financial institution:
(A) Submits a report of suspected financial
exploitation of the vulnerable adult to the department as
required under this article; and
(B) Has cause to believe the transaction is
related to the suspected financial exploitation alleged in the
report.
(ii) Shall place a hold on any transaction involving
an account of a vulnerable adult if the hold is requested by the
department or a law enforcement agency.
(b) Subject to subsection (c) of this section, a hold
placed on any transaction under subsection (a) of this section
shall not exceed five (5) business days after the date the hold
is placed.
(c) A financial institution may extend a hold placed on
any transaction under subsection (a) of this section for a
period not to exceed thirty (30) business days after the
expiration of the period prescribed by subsection (b) of this
section if requested by a state or federal agency or a law
enforcement agency investigating the suspected financial
exploitation of a vulnerable adult. The financial institution
may also petition a court to extend a hold placed on any
transaction under subsection (a) of this section beyond the
period prescribed by subsection (b) of this section. A court may
enter an order extending a hold or providing other relief.
(d) Each financial institution shall adopt internal
policies, programs, plans or procedures for placing a hold on a
transaction involving an account of a vulnerable adult under
this section.