Section 13-5-607 - Inspection of Chartered Family Trust Company; Fees; Resolution Fund Account; Confidentiality.

WY Stat § 13-5-607 (2019) (N/A)

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13-5-607. Inspection of chartered family trust company; fees; resolution fund account; confidentiality.

(a) Every chartered family trust company is subject to inspection by the commissioner. The commissioner or a duly appointed examiner shall visit and examine each chartered family trust company as often as the commissioner deems necessary and at least once every three (3) years, with or without previous notice to the officers or managers of or anyone interested in the chartered family trust company. The commissioner or a duly appointed examiner shall make a complete and careful examination of the condition and resources of the chartered family trust company, the mode of managing the company's affairs and conducting its business, all records, transactions and other data or documents pertaining to the actions of the family trust company, the action of its managers or officers and directors in the investment and disposition of trust funds, the safety and prudence of the company's management, the security afforded to those by whom trust company engagements are held, whether the requirements of this chapter are being complied with and such other matters as the commissioner may prescribe.

(b) Repealed by Laws 2019, Ch. 13, § 5.

(d) All information, reports or applications obtained by the commissioner from an applicant or chartered family trust company are confidential.

(e) Repealed by Laws 2019, Ch. 13, § 5.

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Section 13-5-606 - Procedures Upon Filing of Organizational Instruments, Application and Other Information; Application Fee; Approval or Disapproval of Application; Criteria for Approval; Action Upon Application.

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Section 13-5-608 - Conversion From Public Trust Company to Chartered Family Trust Company.