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Can you summarize WYST Title 13, Chapter 4?
BANKS, BANKING AND FINANCE > REORGANIZATION OF BANKS
Short Summary
The provided legal document content covers various aspects of the reorganization and liquidation of banks, appointment and duties of a conservator, insolvency and reorganization of banks, change of location for banks within Wyoming, amendment of articles of incorporation for banks, and merger, conversion, and change in place of business of banks. The documents outline the process and requirements for the payment of stockholders, termination of conservatorship, distribution of assets, and the powers and duties of the state banking commissioner in the reorganization and liquidation of banks. They also address the conditions for a bank to be considered insolvent, the voidability of certain transactions in insolvency, and the procedures for addressing impaired capital in banks. Additionally, the documents provide guidelines for changing the location of banks within Wyoming, amending articles of incorporation, and the merger, conversion, and change in place of business of banks. The documents apply to stockholders, depositors, creditors, the state banking commissioner, conservators, the board of directors, and the federal deposit insurance corporation. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Stockholders, depositors, creditors, state banking commissioner, conservator, board of directors, federal deposit insurance corporation
What does it govern?
Reorganization and completion of liquidation of a bank, appointment and duties of a conservator for a bank, payment of stockholders, termination of conservatorship, distribution of assets, powers and duties of the state banking commissioner in reorganization and liquidation of banks, insolvency and reorganization of banks, change of location for banks within Wyoming, amendment of articles of incorporation for banks, merger, conversion, and change in place of business of banks
What are exemptions?
No specific exemptions are mentioned in these documents.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Wyoming