Wyoming Statutes

§ 13-12-125 — Willful failure to perform duties imposed by law; removal

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

(a)Each officer, director, employee or agent of a special purpose depository institution, following written notice from the commissioner, is subject to removal upon order of the commissioner if he knowingly or willfully fails to:

(i)Perform any duty required by this act or other applicable law; or

(ii)Conform to any rule or order of the commissioner.

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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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