It is unlawful for any depository to accept and retain state deposits in excess of the amount permitted by application of the preceding section or in an amount greater than its paid up capital stock and surplus.
Structure West Virginia Code
Chapter 12. Public Moneys and Securities
§12-1-1. Legislative Findings and Purpose
§12-1-3. Depositories for Interest Earning Deposits; Qualifications
§12-1-4. Bonds to Be Given by Depositories
§12-1-5. Limitation on Amount on Deposit; Rules
§12-1-6. Unlawful Acceptance of Deposits by Depositories
§12-1-7. Rules; Banking Contracts and Agreements; Depositors; Agreements
§12-1-9. Transfer of Funds by Check or Electronic Funds Transfer; Requirements
§12-1-11. Reports by Depositories to Treasurer; Discontinuance of Depositories
§12-1-12. Investing Funds in Treasury; Depositories Outside the State
§12-1-12a. Investment of Operating Funds for Cash Flow Needs
§12-1-12b. Cash Management Improvement Act; Administration; Reports
§12-1-12e. Investments by State Colleges
§12-1-13. Payment of Banking Services and Litigation Costs for Prior Investment Losses