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Section 13-5-415 - Suspension or Revocation of Charter.

WY Stat § 13-5-415 (2019) (N/A)
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13-5-415. Suspension or revocation of charter.

(a) The commissioner may suspend or revoke the charter of a supervised trust company if, after notice and opportunity for a hearing, the commissioner determines that:

(i) The supervised trust company has failed or refused to comply with any order issued pursuant to W.S. 13-10-201 through 13-10-209;

(ii) The supervised trust company's application for charter contained a false representation or omission of a material fact; or

(iii) Any officer or agent of the supervised trust company, in connection with an application for a charter knowingly made a false representation of a material fact or failed to disclose a material fact to the state banking board, the commissioner or the duly authorized agent of the board or commissioner.

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