Wyoming Statutes
§ 13-4-701 — Payment of stockholders
Wyoming·Title 13 Banks, Banking and Finance·Ch. 4 REORGANIZATION OF BANKS·Art. 7 COMPLETION OF LIQUIDATION
(a)If the state banking commissioner has paid the full
amount of the claim to each depositor and creditor of the bank
whose claims have been allowed, has made provision for unpaid
deposits and has paid all the expenses of the liquidation, he
shall call a meeting of the stockholders of the bank by giving
notice for thirty (30) days in a newspaper published in the
county in which the bank was located.
(b)At the meeting the stockholders shall determine
whether the state banking commissioner shall continue to
administer its assets and wind up the affairs of the bank or
whether an agent shall be elected for that purpose. The
stockholders shall vote by ballot, each share having one (1)
vote. An affirmative vote by the majority of the stock is
necessary for a determination.
(c)If it is determi
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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