021-13 Wyo. Code R. § 13-1

Current through April 27, 2019
Section 13-1 - Special Definitions

As used in this Chapter:

(a) "Acceptance date" means the date of the notice required under Section 3(e).

(b) "Applicant" means either the buyer or the seller, as the context may require. Applicants means, collectively, both the seller and the buyer.

(c) "Acquisition application" means an application submitted to the Commissioner under this Chapter to acquire a Wyoming branch bank.

(d) "Buyer" means the bank proposing to acquire by means of a purchase and assumption transaction assets and liabilities of a Wyoming branch bank.

(e) "Purchase and assumption transaction" means a transaction in which the acquiring bank purchases some, but not all, of the assets and assumes some, but not all, of the liabilities of the selling bank.

(f) "Seller" means the depository institution proposing to transfer a Wyoming branch bank to a buyer by means of a purchase and assumption transaction.

(g) "Wyoming branch bank" means a branch licensed under Chapter 12.

021-13 Wyo. Code R. § 13-1