Wyoming § 13-2-311 Capital notes or debentures; provisions to be
stated

Wyoming Statutes

§ 13-2-311 — Capital notes or debentures; provisions to be stated

Wyoming § 13-2-311

Title 13Banks, Banking and Finance

Ch. 2ORGANIZATION OF BANKS

Art. 3CAPITAL REQUIREMENTS,

This text of Wyoming § 13-2-311 (Capital notes or debentures; provisions to be stated) 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. § 13-2-311 (2026).

Text

(a)The following provisions shall be stated in the capital notes or debentures:

(i)That the notes or debentures are an unsecured indebtedness of the bank and subordinate to the claims of creditors and depositors;

(ii)In the event of liquidation of the bank all depositors and creditors are entitled to be paid in full with interest provided by law prior to payment on the notes or debentures;

(iii)No payment will be made on the principal of the notes or debentures unless following the payment the aggregate of the capital, surplus and undivided profits of the bank is at least equal to the amount of the capital, surplus and undivided profits at the date of issue unless otherwise authorized by the state banking commissioner.

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(a) The following provisions shall be stated in the
capital notes or debentures:
(i) That the notes or debentures are an unsecured
indebtedness of the bank and subordinate to the claims of
creditors and depositors;
(ii) In the event of liquidation of the bank all
depositors and creditors are entitled to be paid in full with
interest provided by law prior to payment on the notes or
debentures;
(iii) No payment will be made on the principal of the
notes or debentures unless following the payment the aggregate
of the capital, surplus and undivided profits of the bank is at
least equal to the amount of the capital, surplus and undivided
profits at the date of issue unless otherwise authorized by the
state banking commissioner.