Wyoming Statutes
§ 13-3-203 — Borrowing
Wyoming § 13-3-203
JurisdictionWyoming
Title 13Banks, Banking and Finance
Ch. 3BANKING OPERATIONS
Art. 2RESTRICTED OPERATIONS
This text of Wyoming § 13-3-203 (Borrowing) 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. § 13-3-203 (2026).
Text
(a)A bank may borrow on and pledge assets of the bank as
security for temporary purposes. If it appears that any bank is
habitually borrowing for the purpose of reloaning the state
banking commissioner may require the bank to pay off the
borrowed money. A bank is not prevented from rediscounting in
good faith and endorsing any of its negotiable notes.
(b)Repealed by Laws 1992, ch. 46, § 2.
(c)No bank shall sell or rediscount "without recourse"
any notes or other negotiable securities on which the bank is in
any way liable under purchase or guarantee agreements and any
purchaser of notes or negotiable securities purchased "without
recourse" shall look to the maker or guarantor of the notes or
negotiable securities only for payment.
(d)Any bank may borrow money from a federal reserve ban
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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Repealed By Laws 1999, ch. 42, § 3§ 13-3-201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 loansCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 13-3-203, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/3/13-3-203.