Wyoming Statutes
§ 13-7-301 — Savings and investment accounts
State savings and loan associations may accept savings and issue
savings account books or investment certificates as evidence of
savings and shall credit interest or pay interest in cash
periodically at least annually, if earned. Savings and
investment accounts are ownership accounts in the association
and not creditor liabilities and shall bear interest at a rate
prescribed by the directors of the association for the period.
If a rate is not specified prior to any period then accounts
shall receive the rate prevailing the previous period. Interest
shall be payable only if available from current earnings or
undivided profits.
Free access — add to your briefcase to read the full text and ask questions with AI
Wyoming § 13-7-301 (Savings and investment accounts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 13-7-101
Generally§ 13-7-104
Real estate and personal property§ 13-7-201
"Member" defined§ 13-7-202
Interest and earnings§ 13-7-203
Dividends§ 13-7-301
Savings and investment accounts§ 13-7-302
Accounts of minors; joint accounts§ 13-7-303
Repealed by Laws 2015, ch. 68, § 2§ 13-7-304
Repealed by Laws 2015, ch. 68, § 2§ 13-7-401
Debenture bonds§ 13-7-402
Borrowing from federal home loan bank§ 13-7-501
General requirements