Any financial institution may, after thirty days' notice to the commissioner, cease to transact business and go into voluntary liquidation and convert its assets into money and pay the money to the persons entitled thereto.
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