West Virginia § 31A-7-15 Exclusivity of powers and procedures of article

West Virginia Statutes

§ 31A-7-15 — Exclusivity of powers and procedures of article

West Virginia § 31A-7-15

Ch. 31ABANKS AND BANKING

Art. 7REGULATION OF FAILING FINANCIAL INSTITUTIONS

This text of West Virginia § 31A-7-15 (Exclusivity of powers and procedures of article) 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-7-15 (2026).

Text

The provisions of this article provide full and exclusive powers and procedures for the conservatorship, receivership and liquidation of a financial institution, and a receiver or conservator for a financial institution shall not under any circumstances be appointed nor shall a conservatorship, receivership or liquidation of a financial institution under any circumstances be conducted except in the manner provided for in this article.

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The provisions of this article provide full and exclusive powers and procedures for the conservatorship, receivership and liquidation of a financial institution, and a receiver or conservator for a financial institution shall not under any circumstances be appointed nor shall a conservatorship, receivership or liquidation of a financial institution under any circumstances be conducted except in the manner provided for in this article.