Wyoming Statutes

§ 13-2-302 — Issue of stock

Wyoming·Title 13 Banks, Banking and Finance·Ch. 2 ORGANIZATION OF BANKS·Art. 3 CAPITAL REQUIREMENTS,
(a)A bank shall not issue any share of stock until the par value of the share has been actually paid in cash.
(b)Pursuant to appropriate authority granted in its articles of incorporation, a bank may issue any type of capital stock, including nonvoting shares, authorized under title 17 of the Wyoming statutes. Consistent with subsection (c) of this section, the articles of incorporation of a bank may specify any form of shareholder voting rights.
(c)If the articles of incorporation of a bank provide shareholder voting rights that are different than those provided under W.S. 13-2-307, 13-2-308(a), 13-2-309(a), 13-2-402(e), 13- 4-101(a) or 13-4-701(b) or (d), the articles of incorporation of the bank shall control, subject to any approval of the commissioner required under those sections.

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

Wyoming § 13-2-302 (Issue of stock) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗