Wyoming Statutes
§ 13-4-205 — Impairment of capital; failure to restore
If any board of directors fails to comply with any request to
restore an impairment of capital for a period of more than
thirty (30) days after a request is made by the state banking
commissioner, the bank is conclusively presumed to be insolvent
and the state banking commissioner shall immediately take
possession of the bank and proceed to liquidate it as provided
by law.
Free access — add to your briefcase to read the full text and ask questions with AI
Wyoming § 13-4-205 (Impairment of capital; failure to restore) — 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