Wyoming § 16-6-704 - Interest bearing deposit agreement; option to enter into.
Full text of Wyoming Wyoming Statutes Annotated § 16-6-704 — Interest bearing deposit agreement; option to enter into., with citation guidance and answers to common questions.
§ 16-6-704. Interest bearing deposit agreement; option to enter into.
If requested by the general contractor, a public entity shall enter into an interest bearing deposit agreement with any depository designated by the general contractor, after notice to the surety, to provide an agent for the custodial care and servicing of any deposits placed with him pursuant to this act on any contract of more than fifty thousand dollars ($50,000.00). The services shall include the safekeeping of the obligations and the rendering of all services required to effectuate the purposes of this act.
Source: official Wyoming text · Last verified 2026-08-27
Frequently Asked Questions About Wyoming § 16-6-704
What does Wyoming Statutes Annotated § 16-6-704 cover?
Section 16-6-704 ("Interest bearing deposit agreement; option to enter into.") 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 § 16-6-704?
A common citation format is "Wyoming Statutes Annotated § 16-6-704" (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 § 16-6-704 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.