Wyoming § 13-9-308 Permitted acquisitions

Wyoming Statutes

§ 13-9-308 — Permitted acquisitions

Wyoming § 13-9-308

Title 13Banks, Banking and Finance

Ch. 9BANK RELATED ORGANIZATIONS

Art. 3INTERSTATE BANKING - ACQUISITIONS OF BANKS

This text of Wyoming § 13-9-308 (Permitted acquisitions) 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. § 13-9-308 (2026).

Text

(a)Except as otherwise expressly permitted by federal law, no company may acquire a Wyoming bank holding company or a Wyoming bank without the prior approval of the commissioner.

(b)The prohibition in subsection (a) of this section shall not apply where the acquisition is made:

(i)Solely for the purpose of facilitating an acquisition otherwise permitted under this article;

(ii)In a transaction arranged by the commissioner or another bank supervisory agency to prevent the insolvency or closing of the acquired bank, provided the appropriate supervisory officials determine the acquisition will protect the shareholders and depositors of the acquired bank;

(iii)In a transaction in which a bank forms its own bank holding company, if the ownership rights of the former bank shareholders are s

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(a) Except as otherwise expressly permitted by federal
law, no company may acquire a Wyoming bank holding company or a
Wyoming bank without the prior approval of the commissioner.
(b) The prohibition in subsection (a) of this section
shall not apply where the acquisition is made:
(i) Solely for the purpose of facilitating an
acquisition otherwise permitted under this article;
(ii) In a transaction arranged by the commissioner or
another bank supervisory agency to prevent the insolvency or
closing of the acquired bank, provided the appropriate
supervisory officials determine the acquisition will protect the
shareholders and depositors of the acquired bank;
(iii) In a transaction in which a bank forms its own
bank holding company, if the ownership rights of the former bank
shareholders are substantially similar to those of the holders
of the ownership interests of the new bank holding company.
(c) In a transaction specified in subsection (b) of this
section, the parties shall give written notice to the
commissioner at least fifteen (15) days before the effective
date of the acquisition, unless a shorter period of notice is
required under applicable federal law.