There Is a Newer Version of the Wyoming Statutes
  1. 2025 Wyoming Stat.
  2. 2024 Wyoming Stat.
  3. 2023 Wyoming Stat.
  4. 2011 Wyoming Stat. (here)
  5. View All Versions
View Our Newest Version Here

2011 Wyoming Statutes
TITLE 13 - BANKS, BANKING AND FINANCE
CHAPTER 3 - BANKING OPERATIONS
13-3-301. Losses to be charged to surplus fund.


WY Stat § 13-3-301 (1997 through Reg Sess) What's This?

Any losses sustained by a bank in excess of its undivided profits shall be charged to its surplus fund. The surplus fund shall subsequently be reimbursed from earnings. No dividends shall be declared or paid by any bank in excess of one-half (1/2) of its net earnings until the surplus fund is fully restored to its former amount or an amount equal to one hundred percent (100%) of the paid up capital.

Disclaimer: These codes may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.