2015 Wyoming Code
TITLE 13 - BANKS, BANKING AND FINANCE
CHAPTER 5 - TRUST COMPANIES
SECTION 13-5-104. - Procedure for granting charter; failure to open for business.
13-5-104. Procedure for granting charter; failure to open for business.
(a) Upon receiving the articles of incorporation or the articles of organization, the application for charter and other information required, the commissioner shall investigate and examine the proposed trust company in accordance with procedures for the commissioner to investigate and examine a financial institution provided in W.S. 13-2-211(a).
(i) Repealed by Laws 1993, ch. 51, 3.
(ii) Repealed by Laws 1993, ch. 51, 3.
(iii) Repealed by Laws 1993, ch. 51, 3.
(iv) Repealed by Laws 1993, ch. 51, 3.
(v) Repealed by Laws 1993, ch. 51, 3.
(b) Repealed by Laws 1979, ch. 71, 2.
(c) The state banking board shall hold hearings and approve or disapprove the granting of a charter to the applicant as provided by W.S. 13-2-207 through 13-2-214 if it determines that the requirements of W.S. 13-2-207 through 13-2-214 have been met.
(d) If the proposed trust company fails to open for business within six (6) months after the date of granting the charter, the privilege of transacting business shall terminate. The state banking board, for good cause and upon written application filed prior to the expiration of the six (6) month period, may extend the time within which the trust company may open for business.
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