2012 Wyoming Statutes
TITLE 13 - BANKS, BANKING AND FINANCE
CHAPTER 6 - SAVINGS AND LOAN ASSOCIATIONS
13-6-404. Losses exceeding reserves or earnings.


WY Stat § 13-6-404 (through 2012) What's This?

Whenever the losses of an association exceed the reserve account they may be charged against the undivided earnings, if any, and if they also exceed undivided earnings, the state banking commissioner may proceed to wind up the affairs of such association.

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