Wyoming § 26-25-105 Unlawful sales of equity securities

Wyoming Statutes

§ 26-25-105 — Unlawful sales of equity securities

Wyoming § 26-25-105

Title 26Insurance Code

Ch. 25INSIDER TRADING IN DOMESTIC INSURER SECURITIES

This text of Wyoming § 26-25-105 (Unlawful sales of equity securities) 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. § 26-25-105 (2026).

Text

(a)No beneficial owner, director or officer shall sell any equity security of the insurer if the person selling the security or his principal:

(i)Does not own the security sold;

(ii)If owning the security, does not deliver it against the sale within twenty (20) days from the date of sale; or

(iii)Does not within five (5) days from the date of sale deposit it in the mails or other usual channels of transportation.

(b)No person is guilty of violating this section if he proves that notwithstanding the exercise of good faith he was unable to make the delivery or deposit within the time specified in subsection (a) of this section, or that making the delivery or deposit would have caused undue inconvenience or expense.

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(a) No beneficial owner, director or officer shall sell
any equity security of the insurer if the person selling the
security or his principal:
(i) Does not own the security sold;
(ii) If owning the security, does not deliver it
against the sale within twenty (20) days from the date of sale;
or
(iii) Does not within five (5) days from the date of
sale deposit it in the mails or other usual channels of
transportation.
(b) No person is guilty of violating this section if he
proves that notwithstanding the exercise of good faith he was
unable to make the delivery or deposit within the time specified
in subsection (a) of this section, or that making the delivery
or deposit would have caused undue inconvenience or expense.