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Section 13-4-114 - Changing of State to National Bank — Wyoming Law | CourtGPT
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  4. Title 13 - Banks, Banking and Finance/
  5. Chapter 4 - Reorganization of Banks/
  6. Article 1 - Merger, Conversion, Change in Place of Business/
  7. Section 13-4-114 - Changing of State to National Bank
Wyoming Legal Code

Section 13-4-114 - Changing of State to National Bank

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13-4-114. Changing of state to national bank. (a) A bank may merge with, convert into or reorganize as a national bank. The action to be taken by a merging or converting bank and its rights and liabilities and those of its stockholders shall be the same as those prescribed for national banks except that a vote of the holders of two-thirds (2/3) of each class of voting stock of a state bank is required for the merger or conversion. On conversion, the rights of dissenting stockholders shall be those specified in W.S. 13-4-110. (b) Upon the completion of the merger or conversion, the franchise of any merging or converting state bank automatically terminates.