Wyoming § 13-12-114 Investigation and examination by commissioner

Wyoming Statutes

§ 13-12-114 — Investigation and examination by commissioner

Wyoming § 13-12-114

Title 13Banks, Banking and Finance

Ch. 12SPECIAL PURPOSE DEPOSITORY INSTITUTIONS

This text of Wyoming § 13-12-114 (Investigation and examination by commissioner) 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. § 13-12-114 (2026).

Text

(a)Upon receiving the articles of incorporation, the application for a charter and other information required by the commissioner, the commissioner shall make a careful investigation and examination of the following:

(i)The character, reputation, financial standing and ability of the incorporators;

(ii)The character, financial responsibility, banking or other financial experience and business qualifications of those proposed as officers and directors; and

(iii)The application for a charter, including the adequacy and plausibility of the business plan of the special purpose depository institution and whether the institution has offered a complete proposal for compliance with the provisions of this chapter.

(b)The commissioner shall submit the results of his investigation and examinatio

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(a) Upon receiving the articles of incorporation, the
application for a charter and other information required by the
commissioner, the commissioner shall make a careful
investigation and examination of the following:
(i) The character, reputation, financial standing and
ability of the incorporators;
(ii) The character, financial responsibility, banking
or other financial experience and business qualifications of
those proposed as officers and directors; and
(iii) The application for a charter, including the
adequacy and plausibility of the business plan of the special
purpose depository institution and whether the institution has
offered a complete proposal for compliance with the provisions
of this chapter.
(b) The commissioner shall submit the results of his
investigation and examination at the public hearing on the
charter application and shall be subject to cross examination by
any interested party. No relevant information shall be excluded
by the board as hearsay.