West Virginia Code
Article 21. Uniform Commercial Real Estate Receivership Act
§55-21-11. Collection and Turnover of Receivership Property

(a) Unless the court orders otherwise, on demand by a receiver:
(1) A person that owes a debt that is receivership property and is matured or payable on demand or on order shall pay the debt to or on the order of the receiver, except to the extent the debt is subject to setoff or recoupment; and
(2) Subject to subsection (c) of this section, a person that has possession, custody, or control of receivership property shall turn the property over to the receiver.
(b) A person that has notice of the appointment of a receiver and owes a debt that is receivership property may not satisfy the debt by payment to the owner.
(c) If a creditor has possession, custody, or control of receivership property and the validity, perfection, or priority of the creditors lien on the property depends on the creditors possession, custody, or control, the creditor may retain possession, custody, or control until the court orders adequate protection of the creditors lien.
(d) Unless a bona fide dispute exists about a receivers right to possession, custody, or control of receivership property, the court may sanction as civil contempt a persons failure to turn the property over when required by this section.

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