§ 13-5-502 — Procedure upon filing of organizational instrument, application and other information

Wyoming § 13-5-502

• Jurisdiction: Wyoming
• Title 13: Banks, Banking and Finance
• Ch. 5: TRUST COMPANIES
• Art. 5: PUBLIC TRUST COMPANIES

Text

(a) The organizer shall apply to the commissioner for a
charter. The application shall be on forms prescribed by the
commissioner and shall contain such information as required by
rule of the commissioner.
(b) Upon filing with the commissioner the organizational
instrument as required by W.S. 13-5-501, an application and any
other information required by the rules and regulations of the
board, the commissioner shall notify the applicants in writing
within thirty (30) calendar days of any deficiency in the
required information or that the application has been accepted
for filing. When the commissioner is satisfied that all required
information has been furnished, he shall notify the chairman of
the board who shall establish a time and place for a public
meeting or hearing if the application is contested which shall
be not less than sixty (60) days nor more than one hundred
twenty (120) days after notice from the commissioner that the
application is in order. Within thirty (30) days after receipt
of notice of the time and place of the public meeting or
hearing, the applicant shall cause notice of filing of the
application and of the meeting or hearing to be published at the
applicant's expense in a newspaper of general circulation within
the county where the proposed public trust company is to be
located. Publication shall be made at least once a week for
three (3) consecutive weeks before the meeting or hearing
stating the proposed location of the public trust company, the
names of the proposed applicants for a charter, the nature of
the activities to be conducted by the proposed institution and
other information as the commissioner shall prescribe by rule.
The applicant shall furnish proof of publication to the
commissioner not more than ten (10) days prior to the public
meeting or hearing.