The interest on all loans made to individuals under an order of court shall become due and payable on January 1, in each year, until the principal is paid; and unless the interest be paid at the time it becomes due and payable compound interest shall be charged thereon to the borrower from such time until payment thereof is made.
Structure West Virginia Code
Chapter 51. Courts and Their Officers
§51-6-1. Appointment; Term; Duties; Authority
§51-6-2. Powers and Duties as to Securities
§51-6-3. Dividends and Interest
§51-6-4. Interest on Money Loaned
§51-6-5. Receiver's Liability for Funds and Interest Thereon
§51-6-7. Receiver's Compensation
§51-6-9. Failure to Keep Accounts or Make Statements
§51-6-11. Examination of Reports; Recordation; New Bond or Additional Security; Effect
§51-6-12. "Receivers' Book"; Recordation of Reports; Inspection
§51-6-13. Charges of Clerks and Commissioners
§51-6-14. Application of Unclaimed Funds in Hands of General Receiver of Circuit Court