13-4-205. Impairment of capital; failure to restore.
If any board of directors fails to comply with any request to restore an impairment of capital for a period of more than thirty (30) days after a request is made by the state banking commissioner, the bank is conclusively presumed to be insolvent and the state banking commissioner shall immediately take possession of the bank and proceed to liquidate it as provided by law.
Structure Wyoming Statutes
Title 13 - Banks, Banking and Finance
Chapter 4 - Reorganization of Banks
Section 13-4-201 - Conditions.
Section 13-4-202 - Transactions Deemed Void.
Section 13-4-203 - Impairment of Capital; Generally.
Section 13-4-204 - Impairment of Capital; Reduction of Capital.
Section 13-4-205 - Impairment of Capital; Failure to Restore.