13-5-603. Organization of a chartered family trust company.
(a) One (1) or more persons may subscribe to an organizational instrument in writing for the purpose of forming a chartered family trust company, subject to the conditions prescribed by law.
(b) The articles of incorporation for a chartered family trust company organized as a corporation shall set forth all of the information required by W.S. 17-16-202 and the following:
(i) The corporate name, which shall comply with W.S. 13-5-302 and 17-16-401;
(ii) A statement that the articles of incorporation are made to enable the shareholders to avail themselves of the advantages of this chapter;
(iii) A statement that the corporation will act as a fiduciary exclusively for one (1) or more family members and will not engage in trust company business with the general public.
(c) The articles of organization for a chartered family trust company organized as a limited liability company shall include the following information:
(i) The name of the limited liability company, which must comply with W.S. 13-5-302 and 17-29-108;
(ii) A statement that the articles of organization are made to enable the members to avail themselves of the advantage of this chapter;
(iii) A statement that the limited liability company will act as a fiduciary exclusively for one (1) or more family members and will not engage in trust company business with the general public.
(d) Repealed by Laws 2019, Ch. 13, § 5.
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