West Virginia § 8-35-5 Disposition of property belonging to dissolved municipal corporation

West Virginia Statutes

§ 8-35-5 — Disposition of property belonging to dissolved municipal corporation

West Virginia § 8-35-5

Ch. 8MUNICIPAL CORPORATIONS

Art. 35DISSOLUTION OF MUNICIPALITIES

This text of West Virginia § 8-35-5 (Disposition of property belonging to dissolved municipal corporation) 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 § 8-35-5 (2026).

Text

(a)No dissolution of an incorporated municipality shall impair the rights of any person in any contract or agreement to which the municipality is a party.

(b)The deposits and investments belonging to the dissolved municipality shall be used first to pay the municipality’s debts and liabilities.

(c)In the event that deposits and investments belonging to the municipality are not sufficient to satisfy its debts and liabilities, then the State Auditor may initiate the liquidation of the dissolved municipality’s property pursuant to §8-35-3 of this code.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) No dissolution of an incorporated municipality shall impair the rights of any person in any contract or agreement to which the municipality is a party.

(b) The deposits and investments belonging to the dissolved municipality shall be used first to pay the municipality’s debts and liabilities.

(c) In the event that deposits and investments belonging to the municipality are not sufficient to satisfy its debts and liabilities, then the State Auditor may initiate the liquidation of the dissolved municipality’s property pursuant to §8-35-3 of this code.