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Can you summarize WYST Title 13, Chapter 5?
BANKS, BANKING AND FINANCE > TRUST COMPANIES
Short Summary
The provided legal document content pertains to the regulation of trust companies in Wyoming. Trust companies are entities that provide fiduciary services such as managing trusts, estates, and other financial assets on behalf of clients. The document outlines the rules and requirements that trust companies must adhere to in order to operate in Wyoming. It covers various aspects such as licensing, capital requirements, permissible activities, reporting obligations, and supervision by the Wyoming Division of Banking. The document does not mention any specific exemptions or penalties for non-compliance. Overall, it provides a framework for the establishment and operation of trust companies in Wyoming, ensuring that they meet the necessary standards to protect the interests of their clients and maintain the integrity of the financial system.
Whom does it apply to?
Trust companies operating in Wyoming
What does it govern?
Trust Companies
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
Penalties for non-compliance or violation of the trust company regulations are not specified in the provided legal document content.
Jurisdiction
Wyoming