§ 13-4-401 — General powers and duties of commissioner

Wyoming § 13-4-401

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 4: REORGANIZATION OF BANKS
• Art. 4: COLLECTIONS OF ASSETS

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After taking possession of the bank the state banking
commissioner may collect money due the bank, perform acts
necessary to preserve its assets and business and shall proceed
to liquidate the bank's affairs except as otherwise provided.
The state banking commissioner shall collect all claims
belonging to the bank. Upon the order of the district court in
the judicial district in which the bank is located the state
banking commissioner may sell or compound all doubtful debts and
may sell all the real estate and personal property of the bank
on the terms the court directs. The state banking commissioner
shall execute and deliver to the purchaser of bank property the
instruments necessary to evidence the passing of the title. If
the real estate is situated outside the county in which the
office of the bank was located a certified copy of the order
authorizing the sale shall be filed in the office of the county
clerk of the county in which the property is situated. The state
banking commissioner may enforce the individual liability of the
stockholders.