§ 13-10-206 — Temporary suspension order; stay of order; enforcement

(a) If the commissioner believes the actions of the
officer or director pose an immediate threat to the safety and
soundness of a Wyoming financial institution or to the interests
of the depositors, creditors or shareholders of the financial
institution, the commissioner may suspend the officer or
director pending final action on the proposed removal order
issued pursuant to W.S. 13-10-205. The temporary suspension
order shall be in writing and shall be served upon the officer
or director together with the notice of intent to issue a
removal order as provided in W.S. 13-10-205(b). The temporary
order shall take effect upon service. The officer or director
may apply to the district court for the county in which the
Wyoming financial institution is located for a stay of the
temporary suspension order. The application for stay shall be
given precedence over other cases pending in court and shall in
every way be expedited. The court shall grant the stay only if
the officer or director shows he will be irreparably harmed
unless the stay issues and there is a substantial likelihood he
will prevail on the merits. The temporary suspension order shall
remain in effect until the commissioner issues the final removal
order, the board dismisses the proposed removal order or the
court stays enforcement of the temporary suspension order.
(b) On or after the effective date of a temporary
suspension order issued pursuant to this section, the attorney
general, upon request from the commissioner, may apply to the
district court for the county in which the Wyoming financial
institution is located for enforcement of the temporary
suspension order. The application for enforcement shall be given
precedence over other cases pending in court and shall in every
way be expedited.