§ 13-5-505 — Emergency charters; fees

Wyoming § 13-5-505

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

Text

(a) Notwithstanding any other provisions contained in this
chapter, a public trust company charter may be granted by the
commissioner without a public meeting or hearing in any case
determined by the commissioner to be an emergency arising from
the insolvency, or to prevent the failure, of an existing public
trust company. The granting of any emergency charter under this
section is contingent upon the commissioner determining that
findings required by W.S. 13-5-507 have been satisfied.
(b) The application fee for an emergency charter shall be
established by rule of the commissioner. The fee shall be
deposited by the commissioner with the state treasurer and
credited to the financial institutions administration account.