West Virginia § 18C-2-7 Terms of acquisitions

West Virginia Statutes

§ 18C-2-7 — Terms of acquisitions

West Virginia § 18C-2-7

Ch. 18CSTUDENT LOANS; SCHOLARSHIPS AND STATE AID

Art. 2GUARANTEED STUDENT LOAN PROGRAM

This text of West Virginia § 18C-2-7 (Terms of acquisitions) 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 § 18C-2-7 (2026).

Text

Each governing board shall prescribe the terms, conditions and limitations upon which it will acquire a contingent or direct interest in any obligation and such terms, conditions and limitations shall include, but without limiting the generality thereof, the terms for payment of principal and interest, applicable life or other insurance which may be required in connection with any such obligation and who shall pay the premiums thereon, the safekeeping of assets pledged to secure any such undertaking, and any and all matters in connection with the foregoing as will protect the assets of the governing board.

Free access — add to your briefcase to read the full text and ask questions with AI

Each governing board shall prescribe the terms, conditions and limitations upon which it will acquire a contingent or direct interest in any obligation and such terms, conditions and limitations shall include, but without limiting the generality thereof, the terms for payment of principal and interest, applicable life or other insurance which may be required in connection with any such obligation and who shall pay the premiums thereon, the safekeeping of assets pledged to secure any such undertaking, and any and all matters in connection with the foregoing as will protect the assets of the governing board.