021-2 Wyo. Code R. § 2-4
(a) A bank, an interim bank and a savings and loan association may include in its articles of incorporation a provision permitting the board of directors to indemnify directors and officers to the fullest extent permitted under 12 CFR 359.
(b) A trust company may include in its articles of incorporation a provision permitting the board of directors to indemnify Directors, officers and employees to the fullest extent permitted under Title 17, Chapter 16, Article 8, Subarticle E, of the Wyoming Statutes.
(c) A financial institution may elect to afford indemnification to an extent less than the maximum permitted under this Section and may elect not to indemnify any of its personnel at all.
(d) The Commissioner may order any financial institution to cease and desist from any actual or proposed indemnification permitted under this Chapter if he determines that the same poses a threat to the safety and soundness of the financial institution. The Commissioner may also order a financial institution to modify or eliminate any indemnification provisions included or proposed to be included in its articles of incorporation if he determines that such inclusion is inconsistent with applicable federal or Wyoming law.
021-2 Wyo. Code R. § 2-4