13-2-301. Requirements as to capital.
(a) The capital stock of each bank organized under this act shall be subscribed for as fully paid stock. No bank shall organize with a capital stock less than five million dollars ($5,000,000.00).
(b) No bank shall commence business until the full amount of its authorized capital is subscribed and all capital stock is fully paid in. No bank may organize without a paid up surplus fund of at least twenty percent (20%) of its legally authorized capital stock, and undivided profits in sufficient amount for the expense of operation the first year as determined by the state banking commissioner.
Structure Wyoming Statutes
Title 13 - Banks, Banking and Finance
Chapter 2 - Organization of Banks
Article 3 - Capital Requirements, Stock, Notes and Debentures
Section 13-2-301 - Requirements as to Capital.
Section 13-2-302 - Issue of Stock.
Section 13-2-303 - Increase or Reduction of Capital Stock.
Section 13-2-304 - Transfer of Stock and Other Ownership Interests.
Section 13-2-305 - Purchase or Acceptance of Own Capital Stock.
Section 13-2-306 - Stock Register; Inspection.
Section 13-2-307 - Voting by Shareholders Generally; Balloting for Directors.
Section 13-2-308 - Preferred Stock.
Section 13-2-309 - Issuance of Capital Notes or Debentures; Generally.
Section 13-2-310 - Issuance of Capital Notes or Debentures; Approval by State Banking Commissioner.
Section 13-2-311 - Capital Notes or Debentures; Provisions to Be Stated.
Section 13-2-312 - Capital Notes or Debentures; Conversion Into Common or Preferred Stock.
Section 13-2-313 - Capital Notes or Debentures; No Assessment or Liability.
Section 13-2-314 - Capital Notes or Debentures; Proceeds Not Part of Capital or Surplus.