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2019 Wyoming Statutes
Title 13 - Banks, Banking and Finance
Chapter 2 - Organization of Banks
Article 3 - Capital Requirements, Stock, Notes and Debentures
Section 13-2-310 - Issuance of Capital Notes or Debentures; Approval by State Banking Commissioner.
Universal Citation: WY Stat § 13-2-310 (2019)
13-2-310. Issuance of capital notes or debentures; approval by state banking commissioner.
The state banking commissioner may approve the issue of capital notes or debentures by any bank. Applications for approval shall be in writing and contain information which he requests including a full explanation of the need for and proposed use of the funds. The state banking commissioner shall consider whether the issuance would constitute sound banking practice and would be in the best interests of the public, depositors, creditors and stockholders of the bank.
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