SF0028 – Banking technology and stock revisions

Phone: 650.723.2465
Fax: 650.725.0253

Type: Regulation
Date: 02/15/2019
Agency: Wyoming Legislature
Jurisdiction: United States Wyoming
Type of Law: State
Status: Existing
Official URL: External link

According to the summary provided by the Legislative Services Office:
“This act authorizes banks to issue any type of stock authorized for corporations under existing corporate law, including nonvoting shares.

Provides that the provisions of a bank’s articles of incorporation governing shareholder voting rights shall control if these provisions diverge from existing law.

Authorizes banks to maintain electronic corporate records, including records relating to shareholder records and capital impairment notices.

Clarifies that the identity of bank shareholders may be maintained using data addresses”.