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·Ch. 31A BANKS AND BANKING·Art. 7 REGULATION OF FAILING FINANCIAL INSTITUTIONS

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.

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