Wyoming legislation · 2026 Budget Session
Wyoming SF55: Special purpose depository institution-amendments.
Status: Signed into law, March 7, 2026
AN ACT relating to banks, banking and finance; amending special purpose depository institution initial capital stock requirements; amending requirements for special purpose depository institutions to commence business as specified; amending requirements for the application to charter special purpose depository institutions as specified; amending the timeline special purpose depository institutions must commence business; authorizing appeals of decisions of the commissioner; amending the appealable court for decisions relating to special purpose depository institutions; creating a special purpose depository institution resolution fund account; specifying authorized expenditures and the investment of funds in the account; requiring a portion of supervisory fees to be paid to the account; repealing the requirement that special purpose depository institutions maintain a contingency account; making conforming amendments; requiring rulemaking; and providing for effective dates.
What the bill says
An act relating to banks, banking and finance; amending special purpose depository institution initial capital stock requirements; amending requirements for special purpose depository institutions to commence business as specified; amending requirements for the application to charter special purpose depository institutions as specified; amending the timeline special purpose depository institutions must commence business; authorizing appeals of decisions of the commissioner; amending the appealable court for decisions relating to special purpose depository institutions…
From the enrolled text, March 5, 2026:
AN ACT relating to banks, banking and finance; amending special purpose depository institution initial capital stock requirements; amending requirements for special purpose depository institutions to commence business as specified; amending requirements for the application to charter special purpose depository institutions as specified; amending the timeline special purpose depository institutions must commence business; authorizing appeals of decisions of the commissioner; amending the appealable court for decisions relating to special purpose depository institutions; creating a special purpose depository institution resolution fund account; specifying authorized expenditures and the investment of funds in the account; requiring a portion of supervisory fees to be paid to the account; repealing the requirement that special purpose depository institutions maintain a contingency account; making conforming amendments; requiring rulemaking; and providing for effective dates. Section 1. W.S. 5-13-115 by creating a new subsection (g), 13-12-110(a) and (b), 13-12-111(b), 13-12-116 by creating a new subsection (b) and by renumbering (b) as (c), 13-12-117, 13-12-119(d) and 13-12-122 by creating a new subsection (c) are amended to read: 5-13-115. Purpose and jurisdiction. (g) The chancery court shall have jurisdiction to hear and decide appeals of any decision of the state banking board or the state banking commissioner appealed under W.S. 13-12-117. ORIGINAL SENATE FILE NO. SF0055 ENROLLED ACT NO. 54, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING 2026 BUDGET SESSION 13-12-110. …