13-8-102. Certificate of need required; exceptions.
A foreign association shall not establish any branch, office or agency within this state for the purpose of selling, delivering, advertising or offering its shares, certificates, bonds or other evidence of deposit or for taking deposits or payment for any security it issues without complying with all provisions of law, and without first obtaining from the state banking commissioner a certificate that he has determined there is a clear need for the foreign building and loan association and that the banks and savings and loan associations doing business in the state do not adequately meet that need. However, any foreign building and loan association which had established and was operating an office, branch or agency within this state prior to February 16, 1963 is not required to obtain the certificate. This section shall not prevent any foreign building and loan association from buying notes or bonds, loaning money and taking mortgages upon real or personal property or other security in this state.
Structure Wyoming Statutes
Title 13 - Banks, Banking and Finance
Chapter 8 - Foreign Associations
Section 13-8-101 - Entities Deemed Foreign Building and Loan Associations.
Section 13-8-102 - Certificate of Need Required; Exceptions.
Section 13-8-103 - Certificate of Admission.
Section 13-8-104 - Filing of Statement; Appointment of Agent.
Section 13-8-105 - Statement to Be Renewed Annually or as Required.
Section 13-8-106 - Deposit Required.
Section 13-8-107 - Licensing of Agents, Solicitors and Salesmen.