021-3 Wyo. Code R. §§ 3-3 - Trust Company Fees
(a) The Commissioner shall collect from every
supervised 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 supervised 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
supervised trust company pays by the portion of the fee designated for the
Resolution Fund.
(c) A
supervised 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 application.
(d) A person may
apply to the Commissioner for a letter of assurance relating to the proper
establishment of a private family trust company, compliance with applicable
Wyoming law and a determination that the company is not required to apply for a
public or family trust company charter based on the activities it intends to
conduct. The Commissioner shall provide a letter of assurance if the private
family trust company has complied with the requirements of
W.S.
13-5-701. The application shall be
accompanied by a fee of two hundred fifty dollars ($250). A letter of assurance
shall be supplemental to the requirements to provide a waiver to the
Commissioner under
W.S.
13-5-701(d).
(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 public trust company to
chartered family trust company: $10,000.
(iv) Fee for failure to submit required
reports: $25/day overdue.
(v)
Merger application: $1,500.
(vi)
Out-of-state acquisition of a Wyoming trust company: $7,500.
(f) The fee established in
subsection (a) of this section shall exclude off-balance sheet digital assets.
Each supervised trust company that administers off-balance sheet digital assets
shall pay a supervision fee of one-tenth and eighty-six hundredths of one mill
on the dollar ($0.000186) of off-balance sheet digital assets as of December 31
of each year, payable by the following January 31. If a supervised trust
company pays the supervisory fee established by this subsection and that fee,
on its own, is:
(i) Greater than the fee
established by subsection (a) of this section, the fee established by
subsection (a) is waived.
(ii) Less
than the fee established by subsection (a) of this section, the supervisory fee
established by this subsection shall be added to the fee payable under
subsection (a).
Notes
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