LegalFix
Sign In

Section 13-12-120 - Suspension or Revocation of Charter. (Note: This Is Effective as of 10/1/2019.)

WY Stat § 13-12-120 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

13-12-120. Suspension or revocation of charter. (Note: this is effective as of 10/1/2019.)

(a) The commissioner may suspend or revoke the charter of a special purpose depository institution if, after notice and opportunity for a hearing, the commissioner determines that:

(i) The special purpose depository institution has failed or refused to comply with an order issued under W.S. 13-10-201 through 13-10-209;

(ii) The application for a charter contained a false statement or material misrepresentation or material omission; or

(iii) An officer, director or agent of the special purpose depository institution, in connection with an application for a charter, examination, report or other document filed with the commissioner, knowingly made a false statement, material misrepresentation or material omission to the board, the commissioner or the duly authorized agent of the board or commissioner.

Previous Section
Section 13-12-119 - Reports and Examinations; Supervisory Fees; Required Private Insurance or Bond. (Note: This Is Effective as of 10/1/2019.)
Next Section
Section 13-12-121 - Continuing Jurisdiction. (Note: This Is Effective as of 10/1/2019.)