Wyoming Statutes
§ 13-2-314 — Capital notes or debentures; proceeds not part of capital or surplus
Wyoming·Title 13 Banks, Banking and Finance·Ch. 2 ORGANIZATION OF BANKS·Art. 3 CAPITAL REQUIREMENTS,
(a)The proceeds from the sale of capital notes or
debentures shall not be considered a portion of the capital or
surplus of the issuing bank nor treated as meeting any
requirements, restrictions or conditions relating to the capital
or surplus of a bank.
(b)The proceeds from the sale of notes or debentures
issued may not be used to reduce or retire outstanding capital
stock or surplus.
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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Repealed by Laws 1988, ch. 59, §§ 1,2§ 13-2-204
Repealed by Laws 1991, ch. 175, § 3§ 13-2-205
Repealed by Laws 1991, ch. 175, § 3§ 13-2-208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