§ 26-25-108 — Exclusion of certain registered or closely held securities

(a) W.S. 26-25-103 through 26-25-105 do not apply to
equity securities of a domestic stock insurer if:
(i) The securities are registered or are required to
be registered, pursuant to section 12 of the Securities Exchange
Act of 1934, 15 U.S.C. § 78l, as amended; or
(ii) The domestic stock insurer does not have any
class of its equity securities held of record by one hundred
(100) or more persons on the last business day of the year
immediately preceding the year in which the insurer's equity
securities would be subject to the provisions of W.S. 26-25-103
through 26-25-105, except for the provisions of this paragraph.