11-34-102. Rural credits; establishment and administration; composition of board; power to sue and be sued; officers.
(a) For the purpose of fostering and encouraging agriculture, dairying and livestock raising in Wyoming and the development and improvement of farm lands, there is hereby created and established a system of rural credits to be administered by the state loan and investment board.
(b) The board of land commissioners is hereby constituted the state loan and investment board. The board may sue and be sued in the name of the state loan and investment board in the courts of this state and in no other jurisdiction on any mortgage, contract of sale or lease issued by the board. The governor is president of the board but in his absence from any meeting one (1) of the members may act as president pro tempore and preside at meetings. The director of the office of state lands and investments is the chief executive officer of the board, and the deputy director of the office of state lands and investments is deputy chief executive officer.
Structure Wyoming Statutes
Title 11 - Agriculture, Livestock and Other Animals
Chapter 34 - State Loan and Investment Board
Section 11-34-101 - Definitions.
Section 11-34-104 - Seal; Design.
Section 11-34-105 - Chief Executive Officer; Powers and Duties.
Section 11-34-106 - Legal Advisor.
Section 11-34-107 - Quorum; Loan; Votes Required; Record.
Section 11-34-108 - Loans on Lands Subject to Preexisting Liens; Effect.
Section 11-34-109 - Purposes for Which Loans Authorized.
Section 11-34-110 - Limitations on Borrowers; Due on Sale Clause; Sale of Mortgaged Land.
Section 11-34-111 - Application for Loan; Form; Contents; Priority of Applications.
Section 11-34-113 - Terms and Conditions of Loans.
Section 11-34-114 - Limitation on Loans; Percentages of Appraised Value.
Section 11-34-115 - Minimum and Maximum Amount of Loans.
Section 11-34-117 - Rates of Interest; Length of Loan; Amount.
Section 11-34-118 - Refinancing Delinquent Loans; Payment of Costs; Additional Fee.
Section 11-34-119 - Ultra Vires Acts of Agent.
Section 11-34-120 - Mortgages Taken by Board; Control and Disposition of Property.
Section 11-34-122 - Release of Mortgage.
Section 11-34-123 - Foreclosure Proceedings; Duty of Attorney General; Deed in Lieu of Foreclosure.
Section 11-34-126 - Exemption of Property of Board From Taxation; Exceptions.
Section 11-34-127 - Surety Bonds; Generally.
Section 11-34-128 - Surety Bonds; Payment of Cost.
Section 11-34-129 - Investment of Permanent Funds.
Section 11-34-130 - Trespass Upon Lands Owned by Board Prohibited; Penalties.
Section 11-34-131 - Wyoming Transportation Enterprise Account; Use Thereof.