(a) The commissioner shall issue rules classifying records kept by supervised trust companies 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 commissioner shall consider: (i) Actions and administrative proceedings in which the production of supervised trust company 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 supervised trust company records from other sources; (iv) Other matters pertinent to the interests of supervised trust company customers, shareholders and the people of the state of Wyoming.
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