CHAPTER 12. PUBLIC MONEYS AND SECURITIES.

§12-6-18. Liberal construction.

This article, being necessary to secure the public health, safety, convenience and welfare of the citizens of this state, shall be liberally construed to effect the public purposes of this article. The powers granted to the board in this article, including, without limitation, those granted in section five of this article, are intended to be broad and shall be construed broadly so as to vest in the board the power and authority necessary or appropriate to carry out and effectuate its corporate purposes in the financial markets of the world, as the same may evolve, from time to time, at all times in a fashion consistent with the prudent investor standard as provided by the West Virginia Uniform Prudent Investor Act, codified as article six-c, chapter forty-four of this code and section eleven of this article.

Bills Affecting §12-6-18

2002 Regular Session: SB653
2003 Regular Session: SB219
2004 Regular Session: SB121
2004 Regular Session: SB280
2005 Regular Session: HB3052
2005 Regular Session: SB130
2005 Regular Session: SB558
2006 Regular Session: SB92
2006 Regular Session: SB361
2007 Regular Session: HB2771
2007 Regular Session: SB46
2007 Regular Session: SB438