2013 Wyoming Statutes
TITLE 40 - TRADE AND COMMERCE
CHAPTER 22 - WYOMING MONEY TRANSMITTERS ACT
40-22-105. License requirements.


WY Stat § 40-22-105 (2013) What's This?

40-22-105. License requirements.

(a) Each licensee shall at all times have a net worth of not less than twenty-five thousand dollars ($25,000.00), as calculated in accordance with generally accepted accounting principles.

(b) Every corporate applicant at the time of filing of an application for a license and at all times after a license is issued, shall be in good standing in the state of its incorporation. All noncorporate applicants shall at the time of the filing of an application for a license and at all times after a license is issued, be registered or qualified to do business in the state.

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