Wyoming § 13-3-404 Individual indebtedness limitations; exceptions
generally; federal obligations

Wyoming Statutes

§ 13-3-404 — Individual indebtedness limitations; exceptions generally; federal obligations

Wyoming·Title 13 Banks, Banking and Finance·Ch. 3 BANKING OPERATIONS·Art. 4 RESTRICTED TRANSACTIONS

(a)W.S. 13-3-402 and 13-3-403 do not restrict the making of loans in excess of the limitations to the extent that the repayment of principal and interest is:

(i)An obligation of the United States;

(ii)An obligation of entities in which national banks are authorized to invest as established by rule and regulation of the commissioner; or

(iii)Guaranteed or insured by any agency of the federal government for the payment of the obligations of which the full faith and credit of the United States is pledged. These commitments shall be unconditional and shall be performed by payment of cash or its equivalent within three (3) months after demand.

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(a) W.S. 13-3-402 and 13-3-403 do not restrict the making
of loans in excess of the limitations to the extent that the
repayment of principal and interest is:
(i) An obligation of the United States;
(ii) An obligation of entities in which national
banks are authorized to invest as established by rule and
regulation of the commissioner; or
(iii) Guaranteed or insured by any agency of the
federal government for the payment of the obligations of which
the full faith and credit of the United States is pledged. These
commitments shall be unconditional and shall be performed by
payment of cash or its equivalent within three (3) months after
demand.

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