Wyoming Statutes
§ 13-3-301 — Losses to be charged to surplus fund
Any losses sustained by a bank in excess of its undivided
profits shall be charged to its surplus fund. The surplus fund
shall subsequently be reimbursed from earnings. No dividends
shall be declared or paid by any bank in excess of one-half
(1/2) of its net earnings until the surplus fund is fully
restored to its former amount or an amount equal to one hundred
percent (100%) of the paid up capital.
Free access — add to your briefcase to read the full text and ask questions with AI
Wyoming § 13-3-301 (Losses to be charged to surplus fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Repealed By Laws 1999, ch. 42, § 3§ 13-3-201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