West Virginia Statutes

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

West Virginia § 31-18C-18
JurisdictionWest Virginia
Ch. 31CORPORATIONS
Art. 18CVETERANS' MORTGAGE FUND

This text of West Virginia § 31-18C-18 (Prohibition of 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 § 31-18C-18 (2026).

Text

No part of the funds of the veterans' mortgage fund shall inure to the benefit of or be distributable to the directors or officers of the Housing Development Fund or other private persons 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: Provided, That no such loans shall be made to and no property shall be purchased or leased from, or sold, leased or otherwise disposed of to any director or officer of the Housing Development Fund.

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Legislative History

1985 Reg. Sess., SB653

Nearby Sections

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