Wyo. Stat. § 13-12-116 (2026)

required; application; approval or denial; failure to commence
business.

     (a) If an application is approved and a charter granted by
the board under W.S. 13-12-115, the special purpose depository
institution shall not commence business before receiving a
certificate of authority to operate from the commissioner. The
application for a certificate of authority shall be made to the
commissioner and shall certify the address at which the special
purpose depository institution will operate and that all adopted
bylaws of the institution have been attached as an exhibit to
the application. The application shall state the identities and
contact information of officers and directors. The commissioner
shall approve or deny an application for a certificate of
authority to operate within thirty (30) days after a complete
application has been filed. The authority of the commissioner to
disapprove any application shall be restricted solely to
noncompliance with this section, provided that if the
commissioner approves the application, he shall issue a
certificate of authority to the applicants within twenty (20)
days. If the commissioner denies the application, he shall mail
a notice of denial to the applicants within twenty (20) days,
stating the reasons for denying the application, and grant to
the applicants a period of ninety (90) days to resubmit the
application with the necessary corrections. If the applicants
fail to comply with requirements of the notice of denial within
ninety (90) days from the receipt of the notice, the charter of
the special purpose depository institution shall be revoked by
the commissioner. The failure of the commissioner to act upon an
application for a certificate of authority within thirty (30)
days shall be deemed an approval.

     (b) The commissioner shall have the authority to determine
the requirements by rule in accordance with this act that shall
be met for an approved special purpose depository institution to
commence business.

     (c) If an approved special purpose depository institution
fails to commence business in compliance with the requirements
imposed by the commissioner under subsection (b) of this
section, within one (1) year after the issuance of a certificate
of authority to operate by the commissioner, the charter and
certificate of authority shall expire. The board, for good cause
and upon an application filed prior to the expiration of the one
(1) year period, may extend the time within which the special
purpose depository institution may open for business.