West Virginia Code

CHAPTER 31A. BANKS AND BANKING.

ARTICLE 7. REGULATION OF FAILING FINANCIAL INSTITUTIONS.

§31A-7-8. Voluntary liquidation by financial institution.

Any financial institution may, after thirty days' notice to the commissioner, cease to transact business and go into voluntary liquidation and convert its assets into money and pay the money to the persons entitled thereto.

Previous§31A-7-7. Reorganization, purchase, merger or consolidation of and by financial institutions; conversion of national bank to state bank; obligations remain effective.

§31A-7-8. Voluntary liquidation by financial institution.

Next§31A-7-9. Involuntary liquidation of financial institution after revocation of certificate of authority, permit or license.

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West Virginia Code

CHAPTER 31A. BANKS AND BANKING.

§31A-7-8. Voluntary liquidation by financial institution.

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Bill History For §31A-7-8

Signed Bills For §31A-7-8