Wyoming § 13-5-514 Transfer of stock, membership interests and
other ownership interests

Wyoming Statutes

§ 13-5-514 — Transfer of stock, membership interests and other ownership interests

Wyoming § 13-5-514

Title 13Banks, Banking and Finance

Ch. 5TRUST COMPANIES

Art. 5PUBLIC TRUST COMPANIES

This text of Wyoming § 13-5-514 (Transfer of stock, membership interests and other ownership interests) 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. § 13-5-514 (2026).

Text

(a)The shares of stock or membership interests of public trust companies are personal property and shall be transferred on the books of the public trust company in such manner as the bylaws or operating agreement may provide. A transfer of stock or membership interest in a public trust company is invalid until any impairment of its capital stock or membership interest has been restored.

(b)Transfers of voting stock or membership interests of a public trust company shall be reported to the commissioner not less than ten (10) days prior to being made if the transfer:

(i)Equals or exceeds ten percent (10%) of the public trust company's voting ownership interests; or

(ii)Is made to a person owning or controlling ten percent (10%) or more and less than eighty percent (80%) of the public tru

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The shares of stock or membership interests of public
trust companies are personal property and shall be transferred
on the books of the public trust company in such manner as the
bylaws or operating agreement may provide. A transfer of stock
or membership interest in a public trust company is invalid
until any impairment of its capital stock or membership interest
has been restored.
(b) Transfers of voting stock or membership interests of a
public trust company shall be reported to the commissioner not
less than ten (10) days prior to being made if the transfer:
(i) Equals or exceeds ten percent (10%) of the public
trust company's voting ownership interests; or
(ii) Is made to a person owning or controlling ten
percent (10%) or more and less than eighty percent (80%) of the
public trust company's voting ownership interests.
(c) The commissioner may disapprove any transfer of stock
or membership interest required to be reported if he finds that
the transferee:
(i) Has been convicted of a felony; or
(ii) Has been removed from a position as director,
manager, officer or employee of a public trust company or other
financial institution pursuant to an order of the commissioner
or federal regulatory authority.