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West Virginia Code
Chapter 31A
4
Banking Institutions and Services Generally.
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31A-4-1
General corporation laws applicable; charter applications to be approved by West Virginia Board of Banking and Financial Institutions.
31A-4-2
Use of terms; unlawfully engaging in banking business; penalties; enforcement.
31A-4-3
Minimum capital stock; classes of stock; par value; capitalization of surplus.
31A-4-4
Majority of stock to be paid in full before engaging in business; sale of additional stock; organizational expense fund; affidavit of incorporators; penalties; stockholder preemptive rights.
31A-4-5
Requirements and procedure for incorporation of state banks.
31A-4-6
Examination and investigation of proposed bank by board.
31A-4-7
Time for completion of investigation; notice and hearing; approval or disapproval of application for incorporation; completion of corporate organization.
31A-4-8
Directors, their qualifications and oaths.
31A-4-9
Fidelity bonds and insurance.
31A-4-10
List of stockholders.
31A-4-10a
Stockholder inspection of books and records.
31A-4-11
Liability of stockholders.
31A-4-12
Impairment of capital forbidden; remedies; assessments; sale of stock.
31A-4-13
Powers of state banking institutions generally.
31A-4-14
Trust powers of banking institutions.
31A-4-14a
Transfer of fiduciary accounts or relationships between affiliated subsidiary banks of a bank holding company or affiliated nonbanking entities or entities jointly owned by federally insured depository institutions.
31A-4-14b
Delegation and fiduciary responsibility.
31A-4-15
Required annual filings before exercising trust powers; penalties; notice of failure to comply.
31A-4-16
Trust funds to be kept separate; bookkeeping and management.
31A-4-17
Oath as fiduciary.
31A-4-18
Capital as fiduciary security; additional security.
31A-4-18a
Short-term investments when acting as a fiduciary.
31A-4-19
Reports.
31A-4-20
Stockholders’ annual meeting; financial statement; appointment, duties and report of outside auditing firm.
31A-4-21
Federal deposit insurance; membership in federal reserve system.
31A-4-22
Reserves required of banking institutions; reports; penalties.
31A-4-23
Borrowing by banking institutions; records thereof; penalties.
31A-4-24
Capital notes and debentures; retirement; not subject to assessment.
31A-4-25
Dividends; limitations; penal provisions.
31A-4-26
Limitation on loans and extensions of credit; limitation on investments; loans to executive officers and directors of banks and employees of the banking department; exceptions; valuation of securities.
31A-4-27
Loans eligible for federal insurance or guaranty.
31A-4-28
Investments in obligations secured by mortgages or deeds of trust insured or guaranteed by United States; securities of federal agencies; use of such obligations and securities as collateral, etc.
31A-4-29
Application of other laws to loans and investments under §§31A-4-27 and 31A-4-28.
31A-4-30
Charges and interest allowed in certain cases; negotiability of installment notes.
31A-4-30a
Alternative maximum interest rate on loans by banks chartered under state law.
31A-4-31
Uniform and continuing depository bonds authorized; review of such bonds; correction of inadequacy; security for federally insured deposits not required.
31A-4-32
Adverse claims to deposits and property held in safe deposit.
31A-4-33
Deposits in trust; deposits in more than one name; limitation on liability of institutions making payments from certain accounts; notice requirements; pledges or garnishment of joint accounts; financial institutions duties; multiple-fiduciary accounts; payment of multiple-fiduciary accounts.
31A-4-33a
Establishment of payable on death accounts; rights of account owners; change of beneficiary to be in writing; rights of beneficiaries; limitation on liability of institutions making payments from such accounts.
31A-4-34
Payment of deposits to minors.
31A-4-35
Reproduction of checks and other records; admissibility of copies in evidence; disposition of originals; record production generally.
31A-4-36
Statement of account to customers; duties of customers; limitations.
31A-4-37
Sale of machine operations and services.
31A-4-38
Direct leasing of personal property.
31A-4-39
Transactions on legal holidays and Sundays.
31A-4-40
Permissive closing on fixed weekday or portions of weekdays; notice of closings; emergency closings; procedures.
31A-4-41
Additional authority of board as to limited operations and cessation of business by state banks.
31A-4-42
Unlawful for persons other than banking institutions to engage in the banking business; penalties.
31A-4-43
Negotiable order of withdrawal accounts allowed.
31A-4-44
Employment information.
31A-4-45
Refusal of banking institutions to open checking accounts for certain individuals convicted of worthless check violations; authorizing criminal background investigation by banking institutions; civil immunity; and confidentiality.