West Virginia § 38-1A-2 Nonresident of state not to be named trustee; corporations eligible to be trustees

West Virginia Statutes

§ 38-1A-2 — Nonresident of state not to be named trustee; corporations eligible to be trustees

West Virginia § 38-1A-2

Ch. 38LIENS

Art. 1ATRUSTEES OF SECURITY TRUSTS

This text of West Virginia § 38-1A-2 (Nonresident of state not to be named trustee; corporations eligible to be trustees) 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 § 38-1A-2 (2026).

Text

No person not a resident of this state may be named or act, in person or by agent or attorney, as the trustee of a security trust, either individually or as one of several trustees, the other or others of which are residents of this state. No corporation may be named or act as the trustee or as one of the trustees of a security trust unless it is chartered under the laws of this state or of the United States of America, and unless its principal office is within this state.

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No person not a resident of this state may be named or act, in person or by agent or attorney, as the trustee of a security trust, either individually or as one of several trustees, the other or others of which are residents of this state. No corporation may be named or act as the trustee or as one of the trustees of a security trust unless it is chartered under the laws of this state or of the United States of America, and unless its principal office is within this state.