Wyoming § 13-2-314 Capital notes or debentures; proceeds not part
of capital or surplus

Wyoming Statutes

§ 13-2-314 — Capital notes or debentures; proceeds not part of capital or surplus

Wyoming § 13-2-314

Title 13Banks, Banking and Finance

Ch. 2ORGANIZATION OF BANKS

Art. 3CAPITAL REQUIREMENTS,

This text of Wyoming § 13-2-314 (Capital notes or debentures; proceeds not part of capital or surplus) 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. § 13-2-314 (2026).

Text

(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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