Section 13-5-603 - Organization of a chartered family trust company(a) One (1) or more persons may subscribe to an organizational instrument in writing for the purpose of forming a chartered family trust company, subject to the conditions prescribed by law.(b) The articles of incorporation for a chartered family trust company organized as a corporation shall set forth all of the information required by W.S. 17-16-202 and the following:(i) The corporate name, which shall comply with W.S. 13-5-302 and 17-16-401;(ii) A statement that the articles of incorporation are made to enable the shareholders to avail themselves of the advantages of this chapter;(iii) A statement that the corporation will act as a fiduciary exclusively for one (1) or more family members and will not engage in trust company business with the general public.(c) The articles of organization for a chartered family trust company organized as a limited liability company shall include the following information: (i) The name of the limited liability company, which must comply with W.S. 13-5-302 and 17-29-108;(ii) A statement that the articles of organization are made to enable the members to avail themselves of the advantage of this chapter;(iii) A statement that the limited liability company will act as a fiduciary exclusively for one (1) or more family members and will not engage in trust company business with the general public.(d) Repealed by Laws 2019, Ch. 13, § 5.(e) This section shall not apply to a foreign corporation or foreign limited liability company that is qualified to do business in this state and that applies for a charter under this article.Amended by Laws 2021 , ch. 3, § 2, eff. 7/1/2021.Renumbered as 13-5-603 by Laws 2019 , ch. 13, § 3, eff. 7/1/2019.Added by Laws 2015 , ch. 84, § 1, eff. 7/1/2015.