Wyoming Statutes
§ 13-3-301 — Losses to be charged to surplus fund
Wyoming § 13-3-301
JurisdictionWyoming
Title 13Banks, Banking and Finance
Ch. 3BANKING OPERATIONS
Art. 3ACCOUNTING PRACTICES
This text of Wyoming § 13-3-301 (Losses to be charged to surplus fund) 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. § 13-3-301 (2026).
Text
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.
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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Repealed By Laws 1999, ch. 42, § 3§ 13-3-201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 § 13-3-301, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/3/13-3-301.