021-7 Wyo. Code R. § 7-1

Current through April 27, 2019
Section 7-1 - Commissioner to Set Hearing; Extensions

(a) Pursuant to W.S. 13-5-111, the Commissioner may suspend or revoke the charter of a trust company.

(b) If the Commissioner determines that any ground for suspending or revoking a trust companys charter set forth in W.S. W.S. W.S. 13-5-111 might exist, he shall inform the trust company of such determination in writing.

(c) Within five (5) days after the determination date, the Commissioner shall set the hearing date. Unless extended pursuant to subsection (d), the hearing date shall be a date within thirty (30) days after the determination date. The Commissioner shall give prompt notice to the trust company of the date, time and place of the hearing. The notice shall be in a form comparable to a hearing notice relating to a petition.

(d) Upon timely written request from the trust company and for good cause shown, the Commissioner may extend the hearing date to such later date as he may determine to be in the public interest.

021-7 Wyo. Code R. § 7-1