West Virginia Statutes
§ 31I-1-6 — Reacquisition of shares or interests; dividends
A private trust company or licensed private trust company shall not buy, redeem, or otherwise reacquire shares of stock or membership interests that the private trust company or licensed private trust company has issued, or declare a dividend or other distribution to its stockholders, members, or holders of equity interests, to the extent that such purchase, redemption, reacquisition, dividend, or distribution shall cause the private trust company’s or licensed private trust company’s paid-in capital, retained surplus, and reserves to be reduced below $250,000.
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West Virginia § 31I-1-6 (Reacquisition of shares or interests; dividends) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
2023 Reg. Sess., HB3272
Nearby Sections
13
§ 31I-1-1
Short title§ 31I-1-11
Unlawful to advertise services§ 31I-1-12
Fidelity bonds; insurance§ 31I-1-13
Rule-making authority by State Auditor§ 31I-1-2
Purposes; findings§ 31I-1-3
Definitions§ 31I-1-5
Operation and powers§ 31I-1-7
Offices§ 31I-1-8
Directors or managers§ 31I-1-9
Limitation on powers