(a) The capital stock of each special purpose depository institution chartered under this chapter shall be subscribed for as fully paid stock. No special purpose depository institution shall commence business with capital stock of less than five million dollars ($5,000,000.00). (b) No special purpose depository institution shall commence business until the full amount of its authorized capital is subscribed and all capital stock is fully paid in. No special purpose depository institution shall commence business without a paid up surplus fund of not less than twenty percent (20%) of its legally authorized capital stock and undivided profits in an amount not less than one (1) year of estimated operating expenses in the amount disclosed pursuant to W.S. 13- 12-111(b) or in another amount required by the commissioner. (c) A special purpose depository institution may acquire additional capital prior to the granting of a charter and may report this capital in its charter application.
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