West Virginia Statutes

§ 31-18A-8 — Prohibition on funds inuring to the benefit of or being distributable to the directors or officers

West Virginia § 31-18A-8
JurisdictionWest Virginia
Ch. 31CORPORATIONS
Art. 18AWEST VIRGINIA ENERGY CONSERVATION REVOLVING LOAN FUND

This text of West Virginia § 31-18A-8 (Prohibition on funds inuring to the benefit of or being distributable to the directors or officers) 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 § 31-18A-8 (2026).

Text

No part of the funds of the energy conservation revolving loan fund shall inure to the benefit of or be distributable to the directors or officers of the Housing Development Fund except that the Housing Development Fund shall be authorized and empowered to pay reasonable compensation for services rendered and to make loans as previously specified in furtherance of its purposes under this article.

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Legislative History

1977 Reg. Sess., SB328

Nearby Sections

15
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Bluebook (online)
West Virginia § 31-18A-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/31/31-18A-8.