Wyoming Legal Notices

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Commonly Asked Questions about Wyoming Legal Notices

What is the legal tender requirement?

Contrary to common misconception, there is no federal law stating that a private business, a person, or a government organization must accept currency or coins for payment. Private businesses are free to create their own policies on whether they accept cash, unless there is a specific state law which says otherwise.

Is gold and silver legal tender in Wyoming?

(A) Money and cash on hand including currency, gold, silver and other coin, specie and specie legal tender as provided in W.S. 9‑4‑1304, bank drafts, certified checks and cashiers checks; Section 3.

Which best describes the purpose of the legal tender Act?

The Legal Tender Act, intended as an emergency measure, dramatically extended federal power and changed the nations monetary standard. Civil War spending caused a shortage of coinsthe only legal tender at that time.

What is the Wyoming Legal Tender Act?

AN ACT relating to the Wyoming Legal Tender Act; requiring the state treasurer to provide for the payment of mineral taxes by specie or specie legal tender; requiring the state treasurer to determine and provide exchange rates for specie and specie legal tender; requiring the state treasurer to exchange specie and

What is the legal tender Act in simple terms?

government in 1862 passed the Legal Tender Act, authorizing the creation of paper money not redeemable in gold or silver. About \$430 million worth of greenbacks were put in circulation, and this money by law had to be accepted for all taxes, debts, and other obligationseven those contracted prior to