Can you summarize WYST 34.1-4-401?
This legal document governs the relationship between a payor bank and its customer. It states that a bank may charge against the customer’s account for an item that is properly payable, even if it creates an overdraft. An item is considered properly payable if it is authorized by the customer and in accordance with any agreement between the customer and the bank. The customer is not liable for the amount of an overdraft if they did not sign the item or benefit from its proceeds.
Can you summarize WYST 34.1-4-403?
This provision, found in the Wyoming Statutes under the Uniform Commercial Code, governs a customer’s right to stop payment of any item drawn on their account or close the account. The customer or any authorized person may issue an order to the bank to stop payment or close the account, provided that the bank is given a reasonable opportunity to act on it before taking any action on the item. If multiple signatures are required to draw on the account, any of the authorized persons may stop payment or close the account.
Can you summarize WYST 34.1-4-404?
A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six (6) months after its date, but it may charge its customer’s account for a payment made thereafter in good faith.
Can you summarize WYST 34.1-4-406?
This legal document, part of the Wyoming Statutes’ Uniform Commercial Code, specifically addresses the duty of customers to discover and report unauthorized signatures or alterations in bank transactions. According to the document, banks are required to either return or provide sufficient information about paid items in a customer’s statement of account. If the items are not returned, the bank must retain them or maintain legible copies for seven years. Customers are expected to promptly examine the statement or items and notify the bank if they discover any unauthorized payments due to alterations or unauthorized signatures.
Can you summarize WYST 35-20-102?
This legal document, part of the Wyoming Statutes under the section of PUBLIC HEALTH AND SAFETY, specifically focuses on ADULT PROTECTIVE SERVICES. It provides definitions for various terms used in the act. The document defines terms such as abandonment, abuse, caregiver, court, department, emergency services, exploitation, neglect, protective services, capacity to consent, injury, mental disability, self neglect, vulnerable adult, substantiated report, intimidation, advanced age, sexual abuse, and this act. The document aims to establish guidelines and provisions to prevent and address abuse, neglect, exploitation, intimidation, and abandonment of vulnerable adults.
Can you summarize WYST 35-20-103?
This legal document pertains to the reporting of abuse, neglect, exploitation, intimidation, or abandonment of vulnerable adults in Wyoming. It applies to any person or agency who knows or has reasonable cause to believe that a vulnerable adult is being or has been subjected to any form of mistreatment or is committing self neglect. The document requires immediate reporting of such information to a law enforcement agency or the department. Immunity from civil liability is provided to those who make reports in good faith.
Can you summarize WYST 35-20-111?
(a) The duty to report imposed by W.S. 35-20-103 applies without exception to a person or agency who knows, or has sufficient knowledge which a prudent and cautious man in similar circumstances would have to believe, that a vulnerable adult has been or is being abused, neglected, exploited, intimidated or abandoned, or is committing self neglect. (b) Any person or agency who knows or has sufficient knowledge which a prudent and cautious man in similar circumstances would have to believe that a vulnerable adult is being or has been abused, neglected, exploited, intimidated or abandoned, or is committing self neglect, and knowingly fails to report in accordance with this act is guilty of a misdemeanor punishable by imprisonment for not more than one (1) year, a fine of not more than one thousand dollars ($1,000.
Can you summarize WYST 40-12-501?
This legal document pertains to consumer protection in relation to credit freeze reports in the state of Wyoming. It defines various terms such as ‘breach of the security of the data system’, ‘consumer’, ‘consumer reporting agency’, ‘credit report’, ‘creditor’, ‘financial institution’, ‘personal identifying information’, ‘redact’, ‘security freeze’, and ‘substitute notice’. The document specifies that the breach of the security of the data system refers to the unauthorized acquisition of personal identifying information that compromises its security, confidentiality, or integrity and causes loss or injury to a resident of Wyoming.
Can you summarize WYST 40-12-502?
This legal document governs the obligations of individuals or commercial entities conducting business in Wyoming that own or license computerized data containing personal identifying information about a resident of Wyoming. When a breach of the security system occurs, the entity must conduct a reasonable and prompt investigation to determine the likelihood of misuse of personal identifying information. If misuse has occurred or is reasonably likely to occur, the entity must provide notice to the affected Wyoming resident as soon as possible.
Can you summarize WYST 40-14-235?
(a) This part applies to consumer credit sales and consumer leases. (b) The administrator may seek an appropriate remedy, penalty, action or license revocation or suspension as provided in articles 5 and 6 of this chapter against a person licensed under this act for a violation of 10 U.S.C. 987 or any rule promulgated that is authorized by that section.