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Can you summarize WYST Title 13, Chapter 2?
BANKS, BANKING AND FINANCE > ORGANIZATION OF BANKS
Short Summary
The provided legal document content governs the organization of banks in Wyoming, specifically focusing on the election, term, vacancies, and number of directors. It outlines the requirements for the management of banks, including the adoption and amendment of bylaws, the oath and financial statement requirements for directors, the duration of office for directors, the timing and process of annual elections, the removal of directors, and the filling of vacancies. The document also covers the reporting requirements for directors, including the submission of detailed reports and the maintenance of minutes. It specifies the liability of directors for actions contrary to law or regulations. Overall, this document provides a comprehensive framework for the organization and management of banks in Wyoming.
Whom does it apply to?
Banks, shareholders, board of directors, and the state banking commissioner
What does it govern?
The election, term, vacancies, and number of directors in banks
What are exemptions?
No specific exemptions are mentioned in the document.
What are the Penalties?
No specific penalties are mentioned in the document.
Jurisdiction
Wyoming