If a trustee in a trust deed which secures persons not named in the trust deed shall publish, as hereinafter provided, a notice that he will, on a day named in such notice, such day to be not more than thirty nor less than ten days after the last publication of such notice, release such trust deed, such trustee may execute such release and make distribution of any funds in his hands as such trustee without any liability to any person not named in the trust deed nor known to the trustee to be a beneficiary of the trust. Such notice shall be published as a Class II legal advertisement in compliance with the provisions of article three, chapter fifty-nine of this code, and the publication area for such publication shall be the county in which such trust deed is recorded.
Structure West Virginia Code
Article 12. Release and Assignment of Liens
§38-12-1. When Release of Lien Required; Requisites Thereof
§38-12-2. When Trustee May Release Lien of Deed of Trust; Effect
§38-12-3. Release by Trustee When Unnamed Persons Are Secured; Publication; Effect
§38-12-4. Form of Release; Recordation of Assignment With Release by Assignee
§38-12-5. Partial or Limited Release
§38-12-6. Liability of Lienor for Release After Assignment
§38-12-7. Release When Lienor Under Disability
§38-12-8. Recordation of Release; Effect
§38-12-10. Action on Refusal of Lienholder to Execute Release
§38-12-11. Construction of Article
§38-12-12. Noting Satisfaction of Execution on Judgment Lien Docket