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Section 13-4-205 - Impairment of Capital; Failure to Restore — Wyoming Law | CourtGPT
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  5. Chapter 4 - Reorganization of Banks/
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  7. Section 13-4-205 - Impairment of Capital; Failure to Restore
Wyoming Legal Code

Section 13-4-205 - Impairment of Capital; Failure to Restore

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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.