West Virginia Statutes

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

West Virginia·Ch. 31 CORPORATIONS·Art. 18A WEST VIRGINIA ENERGY CONSERVATION REVOLVING LOAN FUND
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.

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

West Virginia § 31-18A-8 (Prohibition on funds inuring to the benefit of or being distributable to the directors or officers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

1977 Reg. Sess., SB328

Nearby Sections

15
View on official source ↗