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

Wyoming Statutes

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

Wyoming·Title 13 Banks, Banking and Finance·Ch. 5 TRUST COMPANIES·Art. 5 PUBLIC TRUST COMPANIES

(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.

Wyoming § 13-5-506 (Investigation and examination by banking commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.