Wyoming § 13-6-402 - Directors to relieve unsound condition; duty.
Full text of Wyoming Wyoming Statutes Annotated § 13-6-402 — Directors to relieve unsound condition; duty., with citation guidance and answers to common questions.
§ 13-6-402. Directors to relieve unsound condition; duty.
If it appears that the affairs of the association are in fact in an unsound condition, the state banking commissioner shall at once notify in writing the board of directors of the association of his decision, giving them twenty (20) days in which to restore the affairs of the association to a sound condition. Meanwhile, the state banking commissioner shall remain in charge of all books, records and assets of the association. He shall attend or be represented at all directors' and stockholders' meetings and suggest steps necessary to restore the association to a sound condition.
Source: official Wyoming text · Last verified 2026-08-27
Frequently Asked Questions About Wyoming § 13-6-402
What does Wyoming Statutes Annotated § 13-6-402 cover?
Section 13-6-402 ("Directors to relieve unsound condition; duty.") is part of the Wyoming Statutes Annotated, the codified statutory law of Wyoming. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Wyoming § 13-6-402?
A common citation format is "Wyoming Statutes Annotated § 13-6-402" (Wyoming). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Wyoming law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wyoming official source linked on this page or consult a licensed Wyoming attorney.
How does Wyoming § 13-6-402 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wyoming can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Wyoming.