Wyoming § 13-3-301 - Losses to be charged to surplus fund.
Full text of Wyoming Wyoming Statutes Annotated § 13-3-301 — Losses to be charged to surplus fund., with citation guidance and answers to common questions.
§ 13-3-301. Losses to be charged to surplus fund.
Any losses sustained by a bank in excess of its undivided profits shall be charged to its surplus fund. The surplus fund shall subsequently be reimbursed from earnings. No dividends shall be declared or paid by any bank in excess of one-half (1/2) of its net earnings until the surplus fund is fully restored to its former amount or an amount equal to one hundred percent (100%) of the paid up capital.
Source: official Wyoming text · Last verified 2026-08-27
Frequently Asked Questions About Wyoming § 13-3-301
What does Wyoming Statutes Annotated § 13-3-301 cover?
Section 13-3-301 ("Losses to be charged to surplus fund.") 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 § 13-3-301?
A common citation format is "Wyoming Statutes Annotated § 13-3-301" (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 § 13-3-301 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.