Wyoming § 13-5-418 Order declaring supervised trust company
properly wound up and dissolved

Wyoming Statutes

§ 13-5-418 — Order declaring supervised trust company properly wound up and dissolved

Wyoming § 13-5-418

Title 13Banks, Banking and Finance

Ch. 5TRUST COMPANIES

Art. 4SUPERVISED TRUST COMPANIES

This text of Wyoming § 13-5-418 (Order declaring supervised trust company properly wound up and dissolved) 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. § 13-5-418 (2026).

Text

(a)Upon the completion of the liquidation of a trust company pursuant to W.S. 13-5-417, the commissioner shall petition the court for an order declaring the supervised trust company properly wound up and dissolved.

(b)After notice and hearing, as ordered by the court, if any, the court shall enter an order declaring the supervised trust company wound up and dissolved. The order shall, to the extent applicable, declare the following:

(i)The supervised trust company has been properly wound up;

(ii)All known assets of the supervised trust company have been distributed pursuant to W.S. 13-5-417;

(iii)The supervised trust company is dissolved;

(iv)If there are known debts or liabilities of the supervised trust company, describe the provision made for their payment, setting forth all infor

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(a) Upon the completion of the liquidation of a trust
company pursuant to W.S. 13-5-417, the commissioner shall
petition the court for an order declaring the supervised trust
company properly wound up and dissolved.
(b) After notice and hearing, as ordered by the court, if
any, the court shall enter an order declaring the supervised
trust company wound up and dissolved. The order shall, to the
extent applicable, declare the following:
(i) The supervised trust company has been properly
wound up;
(ii) All known assets of the supervised trust company
have been distributed pursuant to W.S. 13-5-417;
(iii) The supervised trust company is dissolved;
(iv) If there are known debts or liabilities of the
supervised trust company, describe the provision made for their
payment, setting forth all information necessary to enable the
creditor or other person to whom payment is to be made to appear
and claim payment of the debt or liability.
(c) The order shall confirm a plan by the commissioner for
the disposition or maintenance of any remaining real or personal
property or other supervised trust company assets. The plan
shall include written notice to all known owners or
beneficiaries of the supervised trust company's assets, to be
sent by first class mail to each person's or entity's address as
shown on the records of the supervised trust company.
(d) The court may enter additional orders and grant
further relief as it determines appropriate upon the evidence
submitted.
(e) Upon the issuance of the order declaring the
supervised trust company dissolved, the existence of the
supervised trust company as either a corporation or a limited
liability company shall cease, except for purposes of any
necessary additional winding up. The commissioner shall promptly
file a copy of the order, certified by the clerk of the court,
with the secretary of state.