Wyoming § 13-8-106 Deposit required

Wyoming Statutes

§ 13-8-106 — Deposit required

Wyoming § 13-8-106

Title 13Banks, Banking and Finance

Ch. 8FOREIGN ASSOCIATIONS

Art. 1LICENSING

This text of Wyoming § 13-8-106 (Deposit required) 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. § 13-8-106 (2026).

Text

(a)Each association coming under the provisions of W.S. 13-8-101 relative to foreign associations, shall deposit with the state banking commissioner fifty thousand dollars ($50,000.00), either in cash, bonds of the United States, any state, county or municipality in this state or mortgages being first liens on improved and productive real estate located within this state of which the liens do not exceed sixty-five percent (65%) of the value of the property accruing to the lien. The securities shall be approved by the state banking commissioner.

(b)The deposit shall be held as security for all claims of residents of this state against the foreign association and liable for all judgment or decrees on it. Securities shall not be released until all shares of the foreign association held by r

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(a) Each association coming under the provisions of W.S.
13-8-101 relative to foreign associations, shall deposit with
the state banking commissioner fifty thousand dollars
($50,000.00), either in cash, bonds of the United States, any
state, county or municipality in this state or mortgages being
first liens on improved and productive real estate located
within this state of which the liens do not exceed sixty-five
percent (65%) of the value of the property accruing to the lien.
The securities shall be approved by the state banking
commissioner.
(b) The deposit shall be held as security for all claims
of residents of this state against the foreign association and
liable for all judgment or decrees on it. Securities shall not
be released until all shares of the foreign association held by
residents of this state have been fully redeemed and its
contracts and obligations to residents of this state have been
fully discharged. Foreign associations may collect and use the
interest on any securities deposited so long as it fulfills its
obligations and complies with the provisions of this act. It may
also exchange them for other securities of equal value if
satisfactory to the state banking commissioner.