§ 17-4-201 — Exempt securities

(a) The following securities are exempt from the
requirements of W.S. 17-4-301 through 17-4-306 and 17-4-504:
(i) A security, including a revenue obligation or a
separate security as defined in rule 131 (17 C.F.R. 230.131)
adopted under the Securities Act of 1933, issued, insured, or
guaranteed by the United States; by a state; by a political
subdivision of a state; by a public authority, agency, or
instrumentality of one (1) or more states; by a political
subdivision of one (1) or more states; or by a person controlled
or supervised by and acting as an instrumentality of the United
States under authority granted by the congress; or a certificate
of deposit for any of the foregoing;
(ii) A security issued, insured or guaranteed by a
foreign government with which the United States maintains
diplomatic relations, or any of its political subdivisions, if
the security is recognized as a valid obligation by the issuer,
insurer, or guarantor;
(iii) A security issued by and representing or that
will represent an interest in or a direct obligation of, or be
guaranteed by:
(A) An international banking institution;
(B) A banking institution organized under the
laws of the United States; a member bank of the federal reserve
system; or a depository institution a substantial portion of the
business of which consists or will consist of receiving deposits
or share accounts that are insured to the maximum amount
authorized by statute by the federal deposit insurance
corporation, the national credit union share insurance fund, or
a successor authorized by federal law or exercising fiduciary
powers that are similar to those permitted for national banks
under the authority of the comptroller of currency pursuant to
section 1 of Public Law 87-722 (12 U.S.C. § 92a); or
(C) Any other depository institution, unless by
rule or order the secretary of state proceeds under W.S.