Wyoming Statutes

§ 13-12-109 — Formation; articles of incorporation

Wyoming·Title 13 Banks, Banking and Finance·Ch. 12 SPECIAL PURPOSE DEPOSITORY INSTITUTIONS

(a)Except as otherwise provided by subsection (e) of this section, five (5) or more adult persons may form a special purpose depository institution. The incorporators shall subscribe the articles of incorporation and transmit them to the commissioner as part of an application for a charter under W.S.

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Nearby Sections

15

§ 13-12-101

§ 13-12-102

Applicability of other provisions

§ 13-12-103

Special purpose depository institutions created as corporations; operating authority; powers; prohibition on lending

§ 13-12-104

Requirements relating to depositors; nature of business

§ 13-12-105

Required liquid assets

§ 13-12-106

Required contingency account

§ 13-12-107

Applicable federal and state laws

§ 13-12-108

Required disclosures

§ 13-12-109

Formation; articles of incorporation

§ 13-12-110

Required initial capital and surplus; additional capital

§ 13-12-111

(b) The articles of incorporation shall include the following information: (i) The corporate name; (ii) The object for which the corporation is organized; (iii) The term of its existence, which may be perpetual; (iv) The place where its office shall be located and its operations conducted; (v) The amount of capital stock and the number of shares; (vi) The name and residence of each shareholder subscribing to more than ten percent (10%) of the stock and the number of shares owned by that shareholder; (vii) The number of directors and the names of those who shall manage the affairs of the corporation for the first year; and (viii) A statement that the articles of incorporation are made to enable the incorporators to avail themselves of the advantages of the laws of the state

§ 13-12-112

Procedure upon filing application

§ 13-12-113

Procedure for hearings on charter applications

§ 13-12-114

Investigation and examination by commissioner

§ 13-12-115

Approval or disapproval of application; criteria for approval; action upon application

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