Wyoming § 13-10-203 Cease and desist orders; Wyoming financial
institutions; bank holding companies notice; opportunity for
hearing

Wyoming Statutes

§ 13-10-203 — Cease and desist orders; Wyoming financial institutions; bank holding companies notice; opportunity for hearing

Wyoming § 13-10-203

Title 13Banks, Banking and Finance

Ch. 10CRIMES, OFFENSES AND PENALTIES

Art. 2ADMINISTRATIVE ENFORCEMENT ACTIONS

This text of Wyoming § 13-10-203 (Cease and desist orders; Wyoming financial institutions; bank holding companies notice; opportunity for hearing) 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. § 13-10-203 (2026).

Text

(a)After notice and opportunity for hearing, the commissioner shall issue a final cease and desist order to a Wyoming financial institution if the Wyoming financial institution or any officer, director, employee or agent of the institution is violating or is about to violate any state statute or rule relating to financial institutions or is engaging or is about to engage in an unauthorized or unsafe and unsound practice. After notice and opportunity for hearing, the commissioner shall issue a final cease and desist order to a bank holding company if the bank holding company or any officer, director, manager, employee or agent of the bank holding company is violating or is about to violate any state or federal statute or rule relating to bank holding companies or is engaging or is about to

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(a) After notice and opportunity for hearing, the
commissioner shall issue a final cease and desist order to a
Wyoming financial institution if the Wyoming financial
institution or any officer, director, employee or agent of the
institution is violating or is about to violate any state
statute or rule relating to financial institutions or is
engaging or is about to engage in an unauthorized or unsafe and
unsound practice. After notice and opportunity for hearing, the
commissioner shall issue a final cease and desist order to a
bank holding company if the bank holding company or any officer,
director, manager, employee or agent of the bank holding company
is violating or is about to violate any state or federal statute
or rule relating to bank holding companies or is engaging or is
about to engage in an unauthorized or unsafe and unsound
practice relating to Wyoming financial institutions owned or
controlled by the bank holding company.
(b) Before issuing a final cease and desist order, the
commissioner shall serve notice of intent to issue the order
upon the Wyoming financial institution or the bank holding
company. The notice shall be in writing and shall contain the
information required by W.S. 13-10-208(a). The proposed order
shall direct the Wyoming financial institution or the bank
holding company to discontinue the violations of law or the
unsafe and unsound practices and may direct the Wyoming
financial institution or the bank holding company to take any
action the commissioner deems necessary to correct the alleged
violation or wrongful practice.
(c) The Wyoming financial institution or the bank holding
company may request a hearing on the proposed order before the
board in accordance with W.S. 13-10-208(b). If the Wyoming
financial institution or the bank holding company does not
request a hearing in writing within the prescribed time period,
the proposed order shall become a final cease and desist order
and the commissioner shall serve the final order upon the
Wyoming financial institution or the bank holding company.