Wyoming § 13-12-110 Required initial capital and surplus;
additional capital

Wyoming Statutes

§ 13-12-110 — Required initial capital and surplus; additional capital

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

(a)The capital stock of each special purpose depository institution chartered under this chapter shall be subscribed for as fully paid stock. No special purpose depository institution shall be chartered with capital stock less than five million dollars ($5,000,000.00).

(b)No special purpose depository institution shall commence business until the full amount of its authorized capital is subscribed and all capital stock is fully paid in. No special purpose depository institution may be chartered without a paid up surplus fund of not less than twenty percent (20%) of its legally authorized capital stock and undivided profits in an amount not less than three (3) years of estimated operating expenses in the amount disclosed pursuant to W.S. 13-12-111(b) or in another amount required by the c

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(a) The capital stock of each special purpose depository
institution chartered under this chapter shall be subscribed for
as fully paid stock. No special purpose depository institution
shall be chartered with capital stock less than five million
dollars ($5,000,000.00).
(b) No special purpose depository institution shall
commence business until the full amount of its authorized
capital is subscribed and all capital stock is fully paid in. No
special purpose depository institution may be chartered without
a paid up surplus fund of not less than twenty percent (20%) of
its legally authorized capital stock and undivided profits in an
amount not less than three (3) years of estimated operating
expenses in the amount disclosed pursuant to W.S. 13-12-111(b)
or in another amount required by the commissioner.
(c) A special purpose depository institution may acquire
additional capital prior to the granting of a charter and may
report this capital in its charter application.

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