West Virginia § 31A-4-41 Additional authority of board as to limited operations and cessation of business by state banks

West Virginia Statutes

§ 31A-4-41 — Additional authority of board as to limited operations and cessation of business by state banks

West Virginia § 31A-4-41

Ch. 31ABANKS AND BANKING

Art. 4BANKING INSTITUTIONS AND SERVICES GENERALLY

This text of West Virginia § 31A-4-41 (Additional authority of board as to limited operations and cessation of business by state banks) 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 § 31A-4-41 (2026).

Text

The board may, by and with the consent of the Governor, permit or require any state bank or any number or all of such banks to:

(1)Operate and do business in such manner and under such limitations and regulations as the board, with the approval of the Governor, may prescribe, or

(2)Cease business for such period of time as the board, with the approval of the Governor, may direct, in which case the period of such cessation shall be held to be a legal holiday as to such bank or banks.

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The board may, by and with the consent of the Governor, permit or require any state bank or any number or all of such banks to:

(1) Operate and do business in such manner and under such limitations and regulations as the board, with the approval of the Governor, may prescribe, or

(2) Cease business for such period of time as the board, with the approval of the Governor, may direct, in which case the period of such cessation shall be held to be a legal holiday as to such bank or banks.