West Virginia § 12-1C-5 Restricted financial institutions

West Virginia Statutes

§ 12-1C-5 — Restricted financial institutions

West Virginia § 12-1C-5

Ch. 12PUBLIC MONEYS AND SECURITIES

Art. 1CFINANCIAL INSTITUTIONS ENGAGED IN BOYCOTTS OF ENERGY COMPANIES

This text of West Virginia § 12-1C-5 (Restricted financial institutions) 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 § 12-1C-5 (2026).

Text

(a)In selecting a financial institution to enter into a banking contract, the Treasurer is authorized to disqualify restricted financial institutions from the competitive bidding process or from any other official selection process.

(b)The Treasurer is authorized to refuse to enter into a banking contract with a restricted financial institution based on its restricted financial institution status.

(c)The Treasurer is authorized to require, as a term of any banking contract, an agreement by the financial institution not to engage in a boycott of energy companies for the duration of the contract.

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(a) In selecting a financial institution to enter into a banking contract, the Treasurer is authorized to disqualify restricted financial institutions from the competitive bidding process or from any other official selection process.

(b) The Treasurer is authorized to refuse to enter into a banking contract with a restricted financial institution based on its restricted financial institution status.

(c) The Treasurer is authorized to require, as a term of any banking contract, an agreement by the financial institution not to engage in a boycott of energy companies for the duration of the contract.