Article

Banking Institutions and Services Generally

W. Va. Code § 31A-4-1— General corporation laws applicable; charter applications to be approved by West Virginia Board of Banking and Financial Institutions
W. Va. Code § 31A-4-2— Use of terms; unlawfully engaging in banking business; penalties; enforcement
W. Va. Code § 31A-4-3— Minimum capital stock; classes of stock; par value; capitalization of surplus
W. Va. Code § 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
W. Va. Code § 31A-4-5— Requirements and procedure for incorporation of state banks
W. Va. Code § 31A-4-6— Examination and investigation of proposed bank by board
W. Va. Code § 31A-4-7— Time for completion of investigation; notice and hearing; approval or disapproval of application for incorporation; completion of corporate organization
W. Va. Code § 31A-4-8— Directors, their qualifications and oaths
W. Va. Code § 31A-4-9— Fidelity bonds and insurance
W. Va. Code § 31A-4-10— List of stockholders
W. Va. Code § 31A-4-10a— Stockholder inspection of books and records
W. Va. Code § 31A-4-11— Liability of stockholders
W. Va. Code § 31A-4-12— Impairment of capital forbidden; remedies; assessments; sale of stock
W. Va. Code § 31A-4-13— Powers of state banking institutions generally
W. Va. Code § 31A-4-14— Trust powers of banking institutions
W. Va. Code § 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
W. Va. Code § 31A-4-14b— Delegation and fiduciary responsibility
W. Va. Code § 31A-4-15— Required annual filings before exercising trust powers; penalties; notice of failure to comply
W. Va. Code § 31A-4-16— Trust funds to be kept separate; bookkeeping and management
W. Va. Code § 31A-4-17— Oath as fiduciary
W. Va. Code § 31A-4-18— Capital as fiduciary security; additional security
W. Va. Code § 31A-4-18a— Short-term investments when acting as a fiduciary
W. Va. Code § 31A-4-19— Reports
W. Va. Code § 31A-4-20— Stockholders’ annual meeting; financial statement; appointment, duties and report of outside auditing firm
W. Va. Code § 31A-4-21— Federal deposit insurance; membership in federal reserve system
W. Va. Code § 31A-4-22— Reserves required of banking institutions; reports; penalties
W. Va. Code § 31A-4-23— Borrowing by banking institutions; records thereof; penalties
W. Va. Code § 31A-4-24— Capital notes and debentures; retirement; not subject to assessment
W. Va. Code § 31A-4-25— Dividends; limitations; penal provisions
W. Va. Code § 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
W. Va. Code § 31A-4-27— Loans eligible for federal insurance or guaranty
W. Va. Code § 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
W. Va. Code § 31A-4-29— Application of other laws to loans and investments under §§31A-4-27 and 31A-4-28
W. Va. Code § 31A-4-30— Charges and interest allowed in certain cases; negotiability of installment notes
W. Va. Code § 31A-4-30a— Alternative maximum interest rate on loans by banks chartered under state law
W. Va. Code § 31A-4-31— Uniform and continuing depository bonds authorized; review of such bonds; correction of inadequacy; security for federally insured deposits not required
W. Va. Code § 31A-4-32— Adverse claims to deposits and property held in safe deposit
W. Va. Code § 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
W. Va. Code § 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
W. Va. Code § 31A-4-34— Payment of deposits to minors
W. Va. Code § 31A-4-35— Reproduction of checks and other records; admissibility of copies in evidence; disposition of originals; record production generally
W. Va. Code § 31A-4-36— Statement of account to customers; duties of customers; limitations
W. Va. Code § 31A-4-37— Sale of machine operations and services
W. Va. Code § 31A-4-38— Direct leasing of personal property
W. Va. Code § 31A-4-39— Transactions on legal holidays and Sundays
W. Va. Code § 31A-4-40— Permissive closing on fixed weekday or portions of weekdays; notice of closings; emergency closings; procedures
W. Va. Code § 31A-4-41— Additional authority of board as to limited operations and cessation of business by state banks
W. Va. Code § 31A-4-42— Unlawful for persons other than banking institutions to engage in the banking business; penalties
W. Va. Code § 31A-4-43— Negotiable order of withdrawal accounts allowed
W. Va. Code § 31A-4-44— Employment information
W. Va. Code § 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