West Virginia Code
Article 6C. West Virginia Board of Treasury Investments
§12-6C-12. Securities Handling

In financial transactions whereby securities are purchased by the Board under an agreement providing for the resale of the securities to the original seller at a stated price, the Board shall take physical possession of the securities, directly, by its custodian bank or through a neutral third party: Provided, That an agreement with a neutral third party may not waive liability for the handling of the securities: Provided, however, That when the board is unable to take possession, directly, by its custodian bank or through a mutual third party, the Board may leave securities in a segregated account with the original seller, provided the amount of the securities with any one seller may not exceed $150 million.

Structure West Virginia Code

West Virginia Code

Chapter 12. Public Moneys and Securities

Article 6C. West Virginia Board of Treasury Investments

§12-6C-1. Purposes and Objects; How Article Cited

§12-6C-2. Legislative Findings

§12-6C-3. Definitions

§12-6C-4. West Virginia Board of Treasury Investments Created; Body Corporate; Board; Directors; Nomination and Appointment of Directors, Qualifications and Terms of Appointment, Advice and Consent; Annual and Other Meetings; Committees; Board Approv...

§12-6C-5. Powers of the Board

§12-6C-6. Consolidated Fund Continued; Management

§12-6C-7. Management and Control of Fund; Officers; Staff; Fiduciary or Surety Bonds for Directors; Liability of Directors

§12-6C-8. Administration of Consolidated Fund

§12-6C-9. Asset Allocation; Investment Policies, Authorized Investments; Restrictions

§12-6C-10. Investment Authority for Consolidated Fund Transferred to Board; Exceptions

§12-6C-11. Legislative Findings; Loans for Industrial Development; Availability of Funds and Interest Rates

§12-6C-11a. Broadband Loan Insurance Program; Requirements

§12-6C-11b. Infrastructure Investment Reimbursement Fund

§12-6C-12. Securities Handling

§12-6C-13. Standard of Care

§12-6C-14. Existing Investments

§12-6C-15. Annual Audits; Financial Statements; Information

§12-6C-16. Reports to Participants

§12-6C-17. Legal Status of Spending Units Continued

§12-6C-18. Authorization for Loans by the Board

§12-6C-19. Creation of Fee Account and Investment Account; Budget

§12-6C-20. Termination of Board