Home/West Virginia/Statutes/Ch. 12: PUBLIC MONEYS AND SECURITIES/Art. 1: STATE DEPOSITORIES/§ 12-1-6
West Virginia Statutes

§ 12-1-6 — Unlawful acceptance of deposits by depositories

West Virginia § 12-1-6
JurisdictionWest Virginia
Ch. 12PUBLIC MONEYS AND SECURITIES
Art. 1STATE DEPOSITORIES

This text of West Virginia § 12-1-6 (Unlawful acceptance of deposits by depositories) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
W. Va. Code § 12-1-6 (2026).

Text

It is unlawful for any depository to accept and retain state deposits in excess of the amount permitted by application of the preceding section or in an amount greater than its paid up capital stock and surplus.

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Legislative History

1978 Reg. Sess., HB1321; 1968 Reg. Sess., SB120; 1966 Reg. Sess., SB6

Nearby Sections

15
§ 12-1-1
Legislative findings and purpose
§ 12-1-10
The treasurer to keep accounts with depositories; settlements with depositories; statements of depository balances; reconciliation of statements and records
§ 12-1-11
Reports by depositories to Treasurer; discontinuance of depositories
§ 12-1-12
Investing funds in treasury; depositories outside the state
§ 12-1-12a
Investment of operating funds for cash flow needs
§ 12-1-12b
Cash Management Improvement Act; administration; reports
§ 12-1-12c
Repealed. Acts, 2013 Reg. Sess., Ch. 179
§ 12-1-12d
Investments by Marshall University, West Virginia University and West Virginia School of Osteopathic Medicine
§ 12-1-12e
Investments by state colleges
§ 12-1-13
Payment of banking services and litigation costs for prior investment losses
§ 12-1-14
Banking Services for Medical Cannabis
§ 12-1-1a
Definitions
§ 12-1-1b
Prohibited clauses in State Treasurer contracts
§ 12-1-2
Depositories for demand deposits; categories of demand deposits; competitive bidding for disbursement accounts; maintenance of deposits by State Treasurer; definition of spending unit
§ 12-1-3
Depositories for interest earning deposits; qualifications
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Bluebook (online)
West Virginia § 12-1-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/12/12-1-6.