13-2-314. Capital notes or debentures; proceeds not part of capital or surplus.
(a) The proceeds from the sale of capital notes or debentures shall not be considered a portion of the capital or surplus of the issuing bank nor treated as meeting any requirements, restrictions or conditions relating to the capital or surplus of a bank.
(b) The proceeds from the sale of notes or debentures issued may not be used to reduce or retire outstanding capital stock or surplus.
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.