Wyoming Statutes
§ 13-3-102 — Loans to executive officers, directors, principal shareholders or others with ownership interests
No bank shall loan any of its funds to executive officers,
directors or to any person owning or controlling ten percent
(10%) or more of the bank's or its bank holding company's voting
ownership interests, or to any person in which any of the
executive officers, directors or owners or controllers are
interested except upon the written application of the person and
then only with the prior approval of a majority of the board of
directors. The approval of the loan, if allowed, shall be made a
part of the records of the directors' meeting.
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Nearby Sections
15
§ 13-3-101
Bond required of officers and employees§ 13-3-102
Loans to executive officers, directors,
principal shareholders or others with ownership interests§ 13-3-104
Repealed By Laws 1999, ch. 42, § 3§ 13-3-201
Acquisition of real estate§ 13-3-203
Borrowing§ 13-3-301
Losses to be charged to surplus fund§ 13-3-302
Bad debts§ 13-3-303
Value of stocks held§ 13-3-304
Dividends§ 13-3-401
Real estate loans