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§31A-4-1. General Corporation Laws Applicable; Charter Applications to Be Approved by West Virginia Board of Banking and Financial Institutions - (a) The general corporation laws of the state, including the...
§31A-4-2. Use of Terms; Unlawfully Engaging in Banking Business; Penalties; Enforcement - (a) No person doing business in this state, except a...
§31A-4-3. Minimum Capital Stock; Classes of Stock; Par Value; Capitalization of Surplus - (a) No banking institution may hereafter be incorporated unless it...
§31A-4-4. Majority of Stock to Be Paid in Full Before Engaging in Business; Sale of Additional Stock; Organizational Expense Fund; Affidavit of Incorporators; Penalties; Stockholder Preemptive Rights - (a) The majority of the capital stock of every banking...
§31A-4-5. Requirements and Procedure for Incorporation of State Banks - (a) A state bank may be organized by five or...
§31A-4-6. Examination and Investigation of Proposed Bank by Board - (a) When an agreement of incorporation, fully complying with the...
§31A-4-7. Time for Completion of Investigation; Notice and Hearing; Approval or Disapproval of Application for Incorporation; Completion of Corporate Organization - The board shall complete its examination and investigation within ninety...
§31A-4-8. Directors, Their Qualifications and Oaths - For every state-chartered banking institution there shall be a board...
§31A-4-9. Fidelity Bonds and Insurance - (a) The directors of a state bank shall direct and...
§31A-4-10. List of Stockholders - For the purposes of this section, "bank holding company" means...
§31A-4-10a. Stockholder Inspection of Books and Records - (a) Any stockholder or group of stockholders of a state...
§31A-4-11. Liability of Stockholders - Each stockholder of any state banking institution, in addition to...
§31A-4-12. Impairment of Capital Forbidden; Remedies; Assessments; Sale of Stock - The officers and directors of a state banking institution shall...
§31A-4-13. Powers of State Banking Institutions Generally - (a) Any state-chartered banking institution has and may exercise all...
§31A-4-14. Trust Powers of Banking Institutions - (a) Every state banking institution which files the reports required...
§31A-4-14a. Transfer of Fiduciary Accounts or Relationships Between Affiliated Subsidiary Banks of a Bank Holding Company or Affiliated Nonbanking Entities or Entities Jointly Owned by Federally Insured Depository Institutions - (a) Notwithstanding any other provision of this code and unless...
§31A-4-14b. Delegation and Fiduciary Responsibility - (a) Any bank, nonbanking subsidiary of a bank holding company,...
§31A-4-15. Required Annual Filings Before Exercising Trust Powers; Penalties; Notice of Failure to Comply - No banking institution, nonbanking subsidiary of a bank holding company,...
§31A-4-16. Trust Funds to Be Kept Separate; Bookkeeping and Management - Every banking institution, nonbanking subsidiary of a bank holding company,...
§31A-4-17. Oath as Fiduciary - Whenever any court, or the clerk thereof, shall appoint any...
§31A-4-18. Capital as Fiduciary Security; Additional Security - Whenever any banking institution, nonbanking subsidiary of a bank holding...
§31A-4-18a. Short-Term Investments When Acting as a Fiduciary - (a) Any individual, bank, trust company or other entity engaged...
§31A-4-19. Reports - Every state banking institution shall make at least four reports...
§31A-4-20. Stockholders’ Annual Meeting; Financial Statement; Appointment, Duties and Report of Outside Auditing Firm - (a) The stockholders of each state banking institution shall meet...
§31A-4-21. Federal Deposit Insurance; Membership in Federal Reserve System - State banking institutions are authorized to do any act necessary...
§31A-4-22. Reserves Required of Banking Institutions; Reports; Penalties - Each state banking institution shall at all times maintain on...
§31A-4-23. Borrowing by Banking Institutions; Records Thereof; Penalties - Any state banking institution may borrow money, rediscount any of...
§31A-4-24. Capital Notes and Debentures; Retirement; Not Subject to Assessment - With the written approval of the commissioner of banking and...
§31A-4-25. Dividends; Limitations; Penal Provisions - (a) The directors of any state-chartered banking institution may, quarterly,...
§31A-4-26. Limitation on Loans and Extensions of Credit; Limitation on Investments; Loans to Executive Officers and Directors of Banks and Employees of the Banking Department; Exceptions; Valuation of Securities - (a) (1) The total loans and extensions of credit made...
§31A-4-27. Loans Eligible for Federal Insurance or Guaranty - Banking institutions are authorized: (a) To make such loans and...
§31A-4-28. Investments in Obligations Secured by Mortgages or Deeds of Trust Insured or Guaranteed by United States; Securities of Federal Agencies; Use of Such Obligations and Securities as Collateral, etc. - It shall be lawful for banking institutions to invest their...
§31A-4-29. Application of Other Laws to Loans and Investments Under §§31a-4-27 and 31a-4-28 - No law of this state prescribing the security upon which...
§31A-4-30. Charges and Interest Allowed in Certain Cases; Negotiability of Installment Notes - In addition to the interest rate provided in article six,...
§31A-4-30a. Alternative Maximum Interest Rate on Loans by Banks Chartered Under State Law - (a) The Legislature hereby finds and declares that: (1) Under...
§31A-4-31. Uniform and Continuing Depository Bonds Authorized; Review of Such Bonds; Correction of Inadequacy; Security for Federally Insured Deposits Not Required - Notwithstanding any provision of any law, ordinance, order, rule, regulation...
§31A-4-32. Adverse Claims to Deposits and Property Held in Safe Deposit - (a) A banking institution shall not be required, in the...
§31A-4-33. Deposits in Trust; Deposits in More Than One Name; Limitation on Liability of Institutions Making Payments From Certain Accounts; Notice Requirements; Pledges or Garnishment of Joint Accounts; Financial Institutions Duties; Multiple-Fiduci... - (a) If any deposit in any banking institution be made...
§31A-4-33a. Establishment of Payable on Death Accounts; Rights of Account Owners; Change of Beneficiary to Be in Writing; Rights of Beneficiaries; Limitation on Liability of Institutions Making Payments From Such Accounts - (a) Any person may enter into a written contract with...
§31A-4-34. Payment of Deposits to Minors - Whenever any minor shall make, or have credit for, a...
§31A-4-35. Reproduction of Checks and Other Records; Admissibility of Copies in Evidence; Disposition of Originals; Record Production Generally - (a) Any bank may cause to be copied or reproduced,...
§31A-4-36. Statement of Account to Customers; Duties of Customers; Limitations - When a banking institution makes a statement of account available...
§31A-4-37. Sale of Machine Operations and Services - Any state banking institution or institutions, or institution or institutions...
§31A-4-38. Direct Leasing of Personal Property - Banking institutions may, subject to rules and regulations promulgated by...
§31A-4-39. Transactions on Legal Holidays and Sundays - No act or transaction of any banking institution shall be...
§31A-4-40. Permissive Closing on Fixed Weekday or Portions of Weekdays; Notice of Closings; Emergency Closings; Procedures - (a) Any banking institution may elect to operate branches that...
§31A-4-41. Additional Authority of Board as to Limited Operations and Cessation of Business by State Banks - The board may, by and with the consent of the...
§31A-4-42. Unlawful for Persons Other Than Banking Institutions to Engage in the Banking Business; Penalties - No person, except banking institutions chartered under the laws of...
§31A-4-43. Negotiable Order of Withdrawal Accounts Allowed - A banking institution may permit the owner of a deposit...
§31A-4-44. Employment Information - It is not unlawful for any officer of a financial...
§31A-4-45. Refusal of Banking Institutions to Open Checking Accounts for Certain Individuals Convicted of Worthless Check Violations; Authorizing Criminal Background Investigation by Banking Institutions; Civil Immunity; and Confidentiality - (a) Any banking institution may refuse to open an account...