Wyo. Stat. § 13-2-314: Capital notes or debentures; proceeds not part of capital or surplus.
Where this section sits in the code
- TITLE 13 - BANKS, BANKING AND FINANCE
- CHAPTER 2 - ORGANIZATION OF BANKS
- ARTICLE 3 - CAPITAL REQUIREMENTS,
(a) The proceeds from the sale of capital notes or debentures shall not be considered a portion of the capital or surplus of the issuing bank nor treated as meeting any requirements, restrictions or conditions relating to the capital or surplus of a bank.
(b) The proceeds from the sale of notes or debentures issued may not be used to reduce or retire outstanding capital stock or surplus.
Collected 2026-09-04T00:16:32Z. Source file · JSON