West Virginia Statutes

§ 31A-9-16 — Transitional provision

West Virginia·Ch. 31A BANKS AND BANKING·Art. 9 THE UNIFORM SPECIAL DEPOSITS ACT

This article applies to:

(1)A special deposit made under an account agreement executed on or after the effective date of this article; and
(2)A deposit made under an agreement executed before enactment of this article, if:
(A)All parties entitled to amend the agreement agree to make the deposit a special deposit governed by this article; and
(B)The special deposit referenced in the amended agreement satisfies §31A-9-5 of this code.

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Legislative History

2025 Reg. Sess., SB561; 2024 Reg. Sess., SB470

Nearby Sections

15
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