Article 4 - BANKING INSTITUTIONS AND SERVICES GENERALLY
- Section 31A-4-1 - General corporation laws applicable; charter applications to be approved by West Virginia Board of Banking and Financial Institutions
- Section 31A-4-2 - Use of terms; unlawfully engaging in banking business; penalties; enforcement
- Section 31A-4-3 - Minimum capital stock; classes of stock; par value; capitalization of surplus
- Section 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
- Section 31A-4-5 - Requirements and procedure for incorporation of state banks
- Section 31A-4-6 - Examination and investigation of proposed bank by board
- Section 31A-4-7 - Time for completion of investigation; notice and hearing; approval or disapproval of application for incorporation; completion of corporate organization
- Section 31A-4-8 - Directors, their qualifications and oaths
- Section 31A-4-9 - Fidelity bonds and insurance
- Section 31A-4-10 - List of stockholders
- Section 31A-4-10a - Stockholder inspection of books and records
- Section 31A-4-11 - Liability of stockholders
- Section 31A-4-12 - Impairment of capital forbidden; remedies; assessments; sale of stock
- Section 31A-4-13 - Powers of state banking institutions generally
- Section 31A-4-14 - Trust powers of banking institutions
- Section 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
- Section 31A-4-14b - Delegation and fiduciary responsibility
- Section 31A-4-15 - Required annual filings before exercising trust powers; penalties; notice of failure to comply
- Section 31A-4-16 - Trust funds to be kept separate; bookkeeping and management
- Section 31A-4-17 - Oath as fiduciary
- Section 31A-4-18 - Capital as fiduciary security; additional security
- Section 31A-4-18a - Short-term investments when acting as a fiduciary
- Section 31A-4-19 - Reports
- Section 31A-4-20 - Stockholders' annual meeting; financial statement; appointment, duties and report of outside auditing firm
- Section 31A-4-21 - Federal deposit insurance; membership in federal reserve system
- Section 31A-4-22 - Reserves required of banking institutions; reports; penalties
- Section 31A-4-23 - Borrowing by banking institutions; records thereof; penalties
- Section 31A-4-24 - Capital notes and debentures; retirement; not subject to assessment
- Section 31A-4-25 - Dividends; limitations; penal provisions
- Section 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
- Section 31A-4-27 - Loans eligible for federal insurance or guaranty
- Section 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
- Section 31A-4-29 - Application of other laws to loans and investments under sections 31A-4-27 and 31A-4-28
- Section 31A-4-30 - Charges and interest allowed in certain cases; negotiability of installment notes
- Section 31A-4-30a - Alternative maximum interest rate on loans by banks chartered under state law
- Section 31A-4-31 - Uniform and continuing depository bonds authorized; review of such bonds; correction of inadequacy; security for federally insured deposits not required
- Section 31A-4-32 - Adverse claims to deposits and property held in safe deposit
- Section 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-fiduciary accounts; payment of multiple-fiduciary accounts
- Section 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
- Section 31A-4-34 - Payment of deposits to minors
- Section 31A-4-35 - [Effective Until 6/6/2024] Reproduction of checks and other records; admissibility of copies in evidence; disposition of originals; record production generally
- Section 31A-4-35 - [Effective 6/6/2024] Reproduction of checks and other records; admissibility of copies in evidence; disposition of originals; record production generally
- Section 31A-4-36 - Statement of account to customers; duties of customers; limitations
- Section 31A-4-37 - Sale of machine operations and services
- Section 31A-4-38 - Direct leasing of personal property
- Section 31A-4-39 - Transactions on legal holidays and Sundays
- Section 31A-4-40 - Permissive closing on fixed weekday or portions of weekdays; notice of closings; emergency closings; procedures
- Section 31A-4-41 - Additional authority of board as to limited operations and cessation of business by state banks
- Section 31A-4-42 - Unlawful for persons other than banking institutions to engage in the banking business; penalties
- Section 31A-4-43 - Negotiable order of withdrawal accounts allowed
- Section 31A-4-44 - Employment information
- Section 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