Wyoming Statutes
§ 13-2-305 — Purchase or acceptance of own capital stock
Wyoming·Title 13 Banks, Banking and Finance·Ch. 2 ORGANIZATION OF BANKS·Art. 3 CAPITAL REQUIREMENTS,
A bank shall not accept as collateral or purchase its own
capital stock unless the taking of the collateral or purchase is
necessary to prevent loss upon a debt previously contracted in
good faith. The stock shall be sold by the bank within six (6)
months from the date it was received as collateral or acquired
by purchase unless the debt is paid in full.
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Nearby Sections
15
§ 13-2-101
Generally§ 13-2-102
Perpetual duration§ 13-2-103
Federal deposit insurance§ 13-2-201
Organization and application§ 13-2-202
Articles of incorporation§ 13-2-203
Repealed by Laws 1988, ch. 59, §§ 1,2§ 13-2-204
Repealed by Laws 1991, ch. 175, § 3§ 13-2-205
Repealed by Laws 1991, ch. 175, § 3§ 13-2-208
Application filing fee§ 13-2-210
Emergency charters; fees