13-6-401. When state banking commissioner to take charge; refusal to so permit.
(a) If it appears to the state banking commissioner that the affairs of any savings and loan association are in an unsound condition or that it is conducting its business in an unsafe or unlawful manner, the state banking commissioner may take possession of all books, records and assets of the association and hold them pending further proceedings.
(b) If the person in charge of the association refuses to permit the state banking commissioner to take possession, the state banking commissioner shall inform the attorney general who shall take whatever action is necessary to place the state banking commissioner in immediate possession of the property of the association.
Structure Wyoming Statutes
Title 13 - Banks, Banking and Finance
Chapter 6 - Savings and Loan Associations
Section 13-6-401 - When State Banking Commissioner to Take Charge; Refusal to So Permit.
Section 13-6-402 - Directors to Relieve Unsound Condition; Duty.
Section 13-6-403 - Directors to Relieve Unsound Condition; Failure.
Section 13-6-404 - Losses Exceeding Reserves or Earnings.
Section 13-6-405 - Banking Commissioner to Be Appointed Receiver; Assistants; Bonding Requirements.