(a) The state banking commissioner shall issue rules classifying records kept by banks and prescribing the periods for which records of each class shall be retained. The rules shall be reviewed and considered for revision at least once every five (5) years. When issuing rules the state banking commissioner shall consider: (i) Actions and administrative proceedings in which the production of bank records might be necessary or desirable; (ii) State and federal statutes of limitation applicable to actions or proceedings; (iii) The availability of information contained in bank records from other sources; (iv) Other matters pertinent to the interests of bank customers, shareholders and the people of the state of Wyoming.
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