021-3 Wyo. Code R. § 3-3

Current through April 27, 2019

Section 3-3 - Trust Company Fees

(a) The Commissioner shall collect from every chartered trust company for supervision of such trust company an amount determined by the total assets of the company as of December 31 of each year as follows:

• (i) For a company with total assets less than three million dollars ($3,000,000) a supervisory fee of $7,500 shall be paid no later than January 31 each year.

• (ii) For a company with total assets greater than three million dollars ($3,000,000) a supervisory fee of $12,500 shall be paid no later than January 31 of each year.

(b) The Trust Company Resolution Fund shall be funded with twenty-five percent (25%) of the annual supervisory fee paid by each chartered trust company.

• (i) The amount shall be paid in each year until the Resolution Fund reaches a balance of one million dollars ($1,000,000).

• (ii) Once the Resolution Fund reaches a balance of one million dollars ($1,000,000), the Commissioner may lower the supervisory fee, at his discretion, that each chartered trust company pays by the portion of the fee designated for the Resolution Fund.

(c) A chartered family trust company may apply to the Commissioner to establish a Trust Service Office. A fee of one thousand dollars ($1,000) shall accompany the Trust Service Office application.

(d) A Letter of Assurance from the Commissioner may be issued for a family trust company that does not apply for a Wyoming charter. A fee of two hundred fifty dollars ($250) shall accompany the request for such Letter of Assurance.

(e) Miscellaneous trust company fees

• (i) Public and family trust company charter application $15,000

• (ii) Voluntary dissolution of trust company $1,500

• (iii) Conversion from trust company to chartered family trust company $10,000

• (iv) Fee for failure to submit required reports $25/day overdue

021-3 Wyo. Code R. § 3-3

Adopted, Eff. 4/14/2016.

Amended, Eff. 9/8/2017.