{"data":{"id":"us-wy/wyo.-stat.-13-6-204","jurisdiction":"us-wy","citation":"Wyo. Stat. § 13-6-204","heading":"Reserves.","body":"(a) State savings and loan associations, in addition to the par value of their capital, shall set up and maintain reserves as follows:\n(i) Except as provided in W.S. 13-7-102, before the declaration of a dividend for any period an association shall transfer an amount equal to at least five percent (5%) of its net earnings to a separate reserve account which shall be set up and maintained for the sole purpose of absorbing losses until the general reserve is equal to at least twelve percent (12%) of the savings liability. In the event that any credit to the general reserve is made in excess of the minimum five percent (5%) requirement, the dollar amount of the excess may be carried over as a credit toward the minimum requirement of any subsequent period. If the general reserve is not equal to at least twelve percent (12%) of its savings liability, credits, as above provided, shall again be made to the general reserve until it equals at least twelve percent (12%) of its savings liability. The board of directors may make additional transfers to other reserve accounts.","path":["TITLE 13 - BANKS, BANKING AND FINANCE","CHAPTER 6 - SAVINGS AND LOAN ASSOCIATIONS","ARTICLE 2 - ORGANIZATIONAL REQUIREMENTS"],"source_url":"https://wyoleg.gov/statutes/compress/title13.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"6ce1d1ae9520fd80e30beb5ccdc53fcad8800173f00553716188a96a4a8685f5","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-13-6-203","next":"us-wy/wyo.-stat.-13-6-205"},"notice":"GroundRules: Original legal text. Not legal advice."}