Home/West Virginia/Statutes/Ch. 31A: BANKS AND BANKING/Art. 7: REGULATION OF FAILING FINANCIAL INSTITUTIONS/§ 31A-7-8
West Virginia Statutes

§ 31A-7-8 — Voluntary liquidation by financial institution

West Virginia·Ch. 31A BANKS AND BANKING·Art. 7 REGULATION OF FAILING FINANCIAL INSTITUTIONS
Any financial institution may, after thirty days' notice to the commissioner, cease to transact business and go into voluntary liquidation and convert its assets into money and pay the money to the persons entitled thereto.

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Legislative History

1981 Reg. Sess., HB1658

Nearby Sections

15
§ 31A-1-1
Short title; objects and purposes
§ 31A-1-2
Definitions
§ 31A-1-3
Application and construction of chapter
§ 31A-1-4
Separability; repealer
§ 31A-1-5
Lending and investing powers and authority of fiduciaries, financial institutions, governmental entities and other persons
§ 31A-1-6
Deposit insurance required for banking and other depository institutions
§ 31A-1-7
Acquisition, formation, or control
§ 31A-2-1
Department of Banking of West Virginia, offices of Commissioner and Deputy Commissioner of Banking continued
§ 31A-2-10
Repealed. Acts, 1997 Reg. Sess., Ch. 96
§ 31A-2-11
Repealed. Acts, 2005 Reg. Sess., Ch. 31
§ 31A-2-12
Commissioner's annual report; contents; affidavit
§ 31A-2-12a
Establishment of deposit acquisition limitation
§ 31A-2-13
Enforcement of orders of the commissioner against financial institutions
§ 31A-2-14
Banking interests of and acceptance of gratuities by officers and employees of department
§ 31A-2-15
Repealed. Acts, 1997 Reg. Sess., Ch. 96
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