For the purposes of this article, the term "security trust" shall include a deed of trust, mortgage, bond or other instrument, entered into after the effective date of this article under which the title to real and personal property, or either of them, wholly situate in and including no property situate outside of the State of West Virginia, is conveyed, transferred, encumbered or pledged to secure the payment of money or the performance of an obligation: Provided, however, That the provisions of this article shall not apply to supplements to existing security trust instruments now of record executed pursuant to the provisions of said existing security trust instruments.
Structure West Virginia Code
Article 1A. Trustees of Security Trusts
§38-1A-1. &Quot;security Trust" Defined
§38-1A-2. Nonresident of State Not to Be Named Trustee; Corporations Eligible to Be Trustees
§38-1A-3. Validity of Sales and Titles Conveyed by Nonresident Trustees
§38-1A-4. Enjoining Sales or Conveyances by Nonresident Trustees
§38-1A-5. Recovery of Commissions, Costs and Expenses Following Sale by Nonresident Trustee
§38-1A-6. Security Trust Not to Be Recorded Unless Trustee's Address Stated; Sufficiency Thereof
§38-1A-7. Secretary of State Attorney-in-Fact for Service on Nonresident Trustees
§38-1A-8. How Service of Process or Notice Made
§38-1A-9. Action by Secretary of State Following Service
§38-1A-10. Other Manner of Serving Process or Notice
§38-1A-11. Appointment of Resident Trustee by Court; Powers and Duties of Substituted Trustee
§38-1A-12. Notice of Motion for Appointment of Resident Trustee; Guardians Ad Litem