West Virginia Code
Chapter 5E. Venture Capital Company

Article 1. West Virginia Capital Company Act

§5E-1-1. Short Title - The article may be cited as the "West Virginia Capital...

§5E-1-2. Declaration of Policy - (a) The Legislature finds and declares that the West Virginia...

§5E-1-3. Purposes - (a) The purpose of this article is to promote the...

§5E-1-4. Definitions - As used in this article, the following terms have the...

§5E-1-5. Rules - The authority shall promulgate rules in accordance with article three,...

§5E-1-6. Qualification of West Virginia Capital Companies - (a) The authority shall qualify West Virginia capital companies commencing...

§5E-1-7. Minimum Standards of Qualified West Virginia Capital Companies - The following requirements apply to all qualified companies: (a) A...

§5E-1-8. Tax Credits - (a) The total amount of tax credits authorized for a...

§5E-1-9. Recaptures; Unqualified Investments - A taxpayer receiving a credit hereunder is not subject to...

§5E-1-10. Application Requirements - (a) Each company shall make application to the authority on...

§5E-1-11. Disclaimer of Liability of the State - The state of West Virginia shall not be liable to...

§5E-1-12. Qualified Investments; Liquidation or Dissolution - (a) A qualified West Virginia capital company shall use its...

§5E-1-13. Restrictions on Investment - (a) No more than thirty percent of the equity raised...

§5E-1-14. Conflict of Interest - No officer, member or employee of the authority shall be...

§5E-1-15. Investment Reporting and Record Keeping - (a) Each qualified West Virginia capital company shall report, at...

§5E-1-16. Examination - (a) Annually each qualified capital company and center shall cause...

§5E-1-17. Failure to Comply - (a) If the examination conducted pursuant to section sixteen of...

§5E-1-18. Ruling Procedure - (a) The authority may issue an informal ruling as to...

§5E-1-19. Effective Date; Transition Rules - (a) The provisions of subsection (d), section eight of this...

§5E-1-20. Limitation on Financial Institutions - Not more than forty-nine percent of the total capital base...

§5E-1-21. Confidentiality - (a) The authority shall, by the promulgation of rules, determine...

§5E-1-22. Decertification of Qualified Capital Companies Other Than Small Business Investment Companies - Notwithstanding any provision in this article to the contrary, the...

§5E-1-23. Elimination of Credit; Effective Date - Notwithstanding any other provision of this article to the contrary,...

Article 2. West Virginia Venture Capital Act

§5E-2-1. Short Title - The article may be cited as the "West Virginia Venture...

§5E-2-2. Definitions - As used in this article, the following terms have the...

§5E-2-3. Rules - The authority shall propose rules for promulgation in accordance with...

§5E-2-4. Tax Credits - (a) The total amount of tax credits which may be...

§5E-2-5. Elimination of Credit; Effective Date - Notwithstanding any other provision of this article to the contrary,...