The provisions of this article provide full and exclusive powers and procedures for the conservatorship, receivership and liquidation of a financial institution, and a receiver or conservator for a financial institution shall not under any circumstances be appointed nor shall a conservatorship, receivership or liquidation of a financial institution under any circumstances be conducted except in the manner provided for in this article.
Structure West Virginia Code
Chapter 31A. Banks and Banking
Article 7. Regulation of Failing Financial Institutions
§31A-7-1. Purpose; Construction
§31A-7-3. Conservatorship; Reorganization
§31A-7-5. Provisions Applicable to Federal Deposit Insurance Corporation Only
§31A-7-6. Borrowing Powers of Receiver
§31A-7-8. Voluntary Liquidation by Financial Institution
§31A-7-10. Executory Contracts and Leases; Assumption or Rejection; Court Approval for Assignments
§31A-7-11. General Subrogation Rights of Federal Deposit Insurance Corporation
§31A-7-12. Payment of Expenses and Debts; Order of Priority; Rights of Secured Creditors