Wyoming § 13-5-506 Investigation and examination by banking
commissioner

Wyoming Statutes

§ 13-5-506 — Investigation and examination by banking commissioner

Wyoming § 13-5-506

Title 13Banks, Banking and Finance

Ch. 5TRUST COMPANIES

Art. 5PUBLIC TRUST COMPANIES

This text of Wyoming § 13-5-506 (Investigation and examination by banking commissioner) 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. § 13-5-506 (2026).

Text

(a)Upon receiving the organizational instrument, application and other information required to be submitted under W.S. 13-5-501 and 13-5-502, the commissioner shall make a careful investigation and examination of the following:

(i)The character, reputation, financial standing and ability of the organizers and those proposed as directors, managers, members, stockholders or owners of the public trust company;

(ii)The character, financial responsibility, trust administration or other financial experience and business qualifications of those proposed as officers or managers; and

(iii)Such other facts and circumstances bearing on the proposed public trust company as the commissioner may deem relevant.

(b)The commissioner or his designee shall submit his findings at the public meeting or he

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(a) Upon receiving the organizational instrument,
application and other information required to be submitted under
W.S. 13-5-501 and 13-5-502, the commissioner shall make a
careful investigation and examination of the following:
(i) The character, reputation, financial standing and
ability of the organizers and those proposed as directors,
managers, members, stockholders or owners of the public trust
company;
(ii) The character, financial responsibility, trust
administration or other financial experience and business
qualifications of those proposed as officers or managers; and
(iii) Such other facts and circumstances bearing on
the proposed public trust company as the commissioner may deem
relevant.
(b) The commissioner or his designee shall submit his
findings at the public meeting or hearing on the application and
shall be subject to cross-examination or questioning by any
interested party. No relevant information shall be excluded by
the board as hearsay.