Wyoming Statutes
§ 40-22-107 — Permissible investments and statutory trust
Wyoming § 40-22-107
This text of Wyoming § 40-22-107 (Permissible investments and statutory trust) 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. § 40-22-107 (2026).
Text
(a)Each licensee shall at all times possess permissible
investments having an aggregate market value calculated in
accordance with generally accepted accounting principles, of not
less than the aggregate face amount of all outstanding payment
instruments issued or sold by the licensee in the United States.
This requirement may be waived by the commissioner if the dollar
volume of a licensee's outstanding payment instruments does not
exceed the bond or other security devices posted by the licensee
pursuant to W.S. 40-22-106.
(b)Permissible investments even if commingled with other
assets of the licensee, shall be deemed by operation of law to
be held in trust for the benefit of the purchasers and holders
of the licensee's outstanding payment instruments in the event
of the bankruptcy of t
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Nearby Sections
15
§ 40-22-101
Short title§ 40-22-102
Definitions§ 40-22-103
License required§ 40-22-104
Exemptions; applicability§ 40-22-105
License requirements§ 40-22-106
Bond or other security device§ 40-22-107
Permissible investments and statutory trust§ 40-22-108
Application for license§ 40-22-109
Application fee§ 40-22-110
Issuance of license§ 40-22-111
Renewal of license and annual report§ 40-22-112
Licensee liability§ 40-22-113
Extraordinary reporting requirements§ 40-22-114
Changes in control of a licensee§ 40-22-115
ExaminationsCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 40-22-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/22/40-22-107.