Wyoming Statutes
§ 13-4-201 — Conditions
(a)A bank is insolvent when any of the following
conditions exist:
(i)When the actual cash market value of its assets
is less than its liabilities;
(ii)When it fails to make good its reserve as may be
required by this act, or the federal reserve board; or
(iii)When it fails to pay, in the manner commonly
accepted by business practices including draft or cashier's
check, its legal obligations to depositors on demand or to
discharge any certificates of deposit, promissory notes or other
indebtedness when due.
Free access — add to your briefcase to read the full text and ask questions with AI
Wyoming § 13-4-201 (Conditions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 13-4-101
Change in place of business§ 13-4-102
Amendment to articles of incorporation§ 13-4-103
Cancellation of charter§ 13-4-104
Merger or conversion into state bank; branch
banking by merger or consolidation; application fees§ 13-4-106
Approval of merger by stockholders§ 13-4-107
Publication of merger notice§ 13-4-110
Dissenting shareholders§ 13-4-111
Effect of merger or conversion§ 13-4-112
Time for conforming to state law§ 13-4-113
Transfer of assets and liabilities§ 13-4-114
Changing of state to national bank§ 13-4-201
Conditions