Wyoming § 13-2-301 Requirements as to capital

Wyoming Statutes

§ 13-2-301 — Requirements as to capital

Wyoming § 13-2-301

Title 13Banks, Banking and Finance

Ch. 2ORGANIZATION OF BANKS

Art. 3CAPITAL REQUIREMENTS,

This text of Wyoming § 13-2-301 (Requirements as to capital) 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. § 13-2-301 (2026).

Text

(a)The capital stock of each bank organized under this act shall be subscribed for as fully paid stock. No bank shall organize with a capital stock less than five million dollars ($5,000,000.00).

(b)No bank shall commence business until the full amount of its authorized capital is subscribed and all capital stock is fully paid in. No bank may organize without a paid up surplus fund of at least twenty percent (20%) of its legally authorized capital stock, and undivided profits in sufficient amount for the expense of operation the first year as determined by the state banking commissioner.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The capital stock of each bank organized under this
act shall be subscribed for as fully paid stock. No bank shall
organize with a capital stock less than five million dollars
($5,000,000.00).
(b) No bank shall commence business until the full amount
of its authorized capital is subscribed and all capital stock is
fully paid in. No bank may organize without a paid up surplus
fund of at least twenty percent (20%) of its legally authorized
capital stock, and undivided profits in sufficient amount for
the expense of operation the first year as determined by the
state banking commissioner.