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Section 13-12-105 - Required Liquid Assets — Wyoming Law | CourtGPT
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Wyoming Legal Code

Section 13-12-105 - Required Liquid Assets

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13-12-105. Required liquid assets. (a) At all times, a special purpose depository institution shall maintain unencumbered liquid assets valued at not less than one hundred percent (100%) of its depository liabilities. (b) As used in this section, 'liquid assets' means: (i) United States currency held on the premises of the special purpose depository institution; (ii) United States currency held for the special purpose depository institution by a federal reserve bank or a federally insured financial institution; (iii) Investments which are highly liquid, including those specified by W.S. 13-3-202 and obligations of the United States treasury or other federal agency obligations, consistent with rules adopted by the commissioner.