Wyoming § 13-4-505 Hearing to be set; order for distribution of
assets

Wyoming Statutes

§ 13-4-505 — Hearing to be set; order for distribution of assets

Wyoming § 13-4-505

Title 13Banks, Banking and Finance

Ch. 4REORGANIZATION OF BANKS

Art. 5PREFERENCES, DISPOSITION OF ASSETS, REORGANIZATION

This text of Wyoming § 13-4-505 (Hearing to be set; order for distribution of assets) 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. § 13-4-505 (2026).

Text

(a)Prior to ordering any distribution of the assets of a bank, the district court shall set a hearing, with notice to all creditors and stockholders as the court may direct.

(b)The district court upon application of the state banking commissioner may order the distribution of the assets of any bank which have come into the hands of the state banking commissioner for liquidation. The disposition shall be in conformity to any agreement of reorganization or sale of assets agreed to by the holders of seventy-five percent (75%) of the unsecured direct obligations of the bank. The court may make any modifications necessary to insure the equitable distribution of the assets of the bank.

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(a) Prior to ordering any distribution of the assets of a
bank, the district court shall set a hearing, with notice to all
creditors and stockholders as the court may direct.
(b) The district court upon application of the state
banking commissioner may order the distribution of the assets of
any bank which have come into the hands of the state banking
commissioner for liquidation. The disposition shall be in
conformity to any agreement of reorganization or sale of assets
agreed to by the holders of seventy-five percent (75%) of the
unsecured direct obligations of the bank. The court may make any
modifications necessary to insure the equitable distribution of
the assets of the bank.