021-1 Wyo. Code R. § 1-5

Current through April 27, 2019

Section 1-5 - Rules of Construction

(a) Unless the context clearly indicates otherwise, this Section applies to all Chapters of these Regulations.

(b) Unless the context clearly indicates otherwise, these Regulations shall be construed by the following rules:

• (i) Words and phrases shall be taken in their ordinary and usual sense, but technical words and phrases having a peculiar and appropriate meaning in law or in the banking industry shall be understood according to their technical import.

• (ii) Reference to "the Wyoming Statutes" or the abbreviation "W.S." means the Wyoming Statutes as published from time to time and, pending reduction to published form and subject to applicable effective dates, all supplements, additions and other modifications enacted by the Legislature of the State of Wyoming. Reference to a named act or rule shall be treated correspondingly.

• (iii) Words in the present tense include the future tense.

• (iv) Words in the plural form include the singular, and words in the singular form include the plural.

• (v) If any provision or the application of any such provision to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications that can be given effect without the invalid provision or application. To this end, the provisions are severable.

• (vi) This subsection (b) is derived substantially from W.S. 8-1-103 and shall be construed consistently with such Section.

(c) To aid readability, these Regulations use the masculine gender when referring to individuals and use the neuter gender when referring to non-individuals. Words expressed using one gender include the other genders.

(d) Reference to a particular Section without indication of the Chapter in which it is found refers to the applicable Section in the same Chapter as the reference is found.

(e) Reference to a particular Chapter without indication of the body of regulations in which it is found refers to the applicable Chapter in these Regulations.

(f) Use of the words includes or including means that the list of items is not exhaustive but instead is illustrative.

(g) Reference to any particular rule (whether of practice, procedure or otherwise), section, code or act means such rule, section, code or act (whether statutory, regulatory or otherwise) as the same may be amended, recodified, relocated or otherwise modified from time to time.

021-1 Wyo. Code R. § 1-5