Wyoming § 13-2-304 Transfer of stock and other ownership interests

Wyoming Statutes

§ 13-2-304 — Transfer of stock and other ownership interests

Wyoming § 13-2-304

Title 13Banks, Banking and Finance

Ch. 2ORGANIZATION OF BANKS

Art. 3CAPITAL REQUIREMENTS,

This text of Wyoming § 13-2-304 (Transfer of stock and other ownership interests) 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. § 13-2-304 (2026).

Text

(a)The shares of stock of banks are personal property and shall be transferred on the books of the bank in such manner as the bylaws may provide. A transfer of stock in a bank is invalid until any impairment of its capital stock has been restored.

(b)Transfers of voting ownership interests of a bank or of a bank holding company shall be reported to the commissioner not less than ten (10) days prior to being made if the transfer:

(i)Equals or exceeds ten percent (10%) of the bank's or the bank holding company's voting ownership interests; or

(ii)Is made to a person owning or controlling ten percent (10%) or more and less than eighty percent (80%) of the bank's or the bank holding company's voting ownership interests.

(c)The state banking commissioner may disapprove any transfer of stoc

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(a) The shares of stock of banks are personal property and
shall be transferred on the books of the bank in such manner as
the bylaws may provide. A transfer of stock in a bank is invalid
until any impairment of its capital stock has been restored.
(b) Transfers of voting ownership interests of a bank or
of a bank holding company shall be reported to the commissioner
not less than ten (10) days prior to being made if the transfer:
(i) Equals or exceeds ten percent (10%) of the bank's
or the bank holding company's voting ownership interests; or
(ii) Is made to a person owning or controlling ten
percent (10%) or more and less than eighty percent (80%) of the
bank's or the bank holding company's voting ownership interests.
(c) The state banking commissioner may disapprove any
transfer of stock required to be reported if he finds that the
transferee:
(i) Repealed by Laws 1993, ch. 115, § 3.
(ii) Has been convicted of a felony; or
(iii) Has been removed from a position as director,
officer or employee of a bank or other financial institution
pursuant to an order of the state banking commissioner or
appropriate federal regulatory authority.