Wyoming § 13-2-101 Generally

Wyoming Statutes

§ 13-2-101 — Generally

Wyoming § 13-2-101

Title 13Banks, Banking and Finance

Ch. 2ORGANIZATION OF BANKS

Art. 1POWERS

This text of Wyoming § 13-2-101 (Generally) 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. § 13-2-101 (2026).

Text

(a)Each bank may:

(i)Make contracts in its corporate name;

(ii)Sue and be sued;

(iii)Lend money on real and personal securities;

(iv)Buy, sell and discount bills of exchange, notes and all other written evidence of debt except as otherwise provided;

(v)Receive notes, buy and sell gold and silver coins and bullion where permitted by federal law;

(vi)Collect and pay over money;

(vii)Transact all other business pertaining to banking subject to the provisions and restrictions of this act;

(viii)Operate a savings department;

(ix)Operate a trust department and exercise all powers enumerated by W.S. 13-5-510(b) and 34-29-104;

(x)Act as executor, administrator, trustee, receiver, assignee or guardian of any estate, minor, incompetent or other persons subject to guardianship, and accept

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(a) Each bank may:
(i) Make contracts in its corporate name;
(ii) Sue and be sued;
(iii) Lend money on real and personal securities;
(iv) Buy, sell and discount bills of exchange, notes
and all other written evidence of debt except as otherwise
provided;
(v) Receive notes, buy and sell gold and silver coins
and bullion where permitted by federal law;
(vi) Collect and pay over money;
(vii) Transact all other business pertaining to
banking subject to the provisions and restrictions of this act;
(viii) Operate a savings department;
(ix) Operate a trust department and exercise all
powers enumerated by W.S. 13-5-510(b) and 34-29-104;
(x) Act as executor, administrator, trustee,
receiver, assignee or guardian of any estate, minor, incompetent
or other persons subject to guardianship, and accept
appointments by any court in connection with any of the
foregoing. In the case of such appointment, or in case the bank
shall be named as executor in any will or assignee of any
assignment for the benefit of creditors, the bank shall not be
required to give any bond or security unless directed by an
order of the court making such appointment, or having
jurisdiction of such will or assignment;
(xi) Sell insurance or annuities, provided however,
all bank-related sales of insurance and annuities shall be in
accordance with the Wyoming Insurance Code and subject to all
other applicable state and federal laws and rules and
regulations governing bank-related sale of insurance or
annuities;
(xii) Engage in any activity that is usual or
incidental to the business of banking, subject to the prior
written approval of the commissioner. The commissioner shall not
approve a request to engage in an incidental activity if he
finds that the requested activity will adversely affect the
safety and soundness of the bank; and
(xiii) Engage in any activity in which a federally
chartered insured depository institution as defined by W.S.
13-2-802(a)(ix) operating within this state is authorized to
engage, as approved by rule by the commissioner.
(b) Insurance underwriting shall not be approved as usual
or incidental to the business of banking under this act, whether
for a bank or an operating subsidiary, unless permitted for a
federally chartered insured depository institution as defined by
W.S. 13-2-802(a)(ix).