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Can you summarize WYST Title 13, Chapter 9?
BANKS, BANKING AND FINANCE > BANK RELATED ORGANIZATIONS
Short Summary
This legal document governs the acquisitions of banks by bank holding companies in Wyoming. It sets forth the conditions under which a company may acquire a Wyoming bank or a Wyoming bank holding company. The document defines the term ‘acquire’ and outlines various actions that constitute an acquisition, including mergers, ownership or control of voting ownership interests, and acquisition of assets. It provides definitions for terms such as ‘affiliate’, ‘bank’, ‘bank supervisory agency’, ‘branch’, ‘company’, ‘control’, ‘deposit’, ‘foreign bank holding company’, ‘home state supervisor’, ‘insured depository institution’, ‘out-of-state bank holding company’, ‘principal place of business’, ‘state’, ‘Wyoming bank’, and ‘Wyoming bank holding company’. The document applies to companies, bank holding companies, banks, and bank supervisory agencies. It does not mention any specific exemptions or penalties. Overall, this document sets the framework for regulating interstate banking acquisitions in Wyoming.
Whom does it apply to?
Companies, bank holding companies, banks, and bank supervisory agencies
What does it govern?
Acquisitions of banks by bank holding companies in Wyoming
What are exemptions?
No specific exemptions are mentioned
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
Wyoming