Bonds issued under the provisions of this article shall be legal investments for banks, building and loan associations, and insurance companies organized under the laws of this state and for a business development corporation organized pursuant to chapter thirty-one, article fourteen of this code.
W. Va. Code § 7-20-16
Bonds made legal investments
Known as the Local Powers Act
The act spans §§ 7-20-1 to 7-20-9 (25 sections).
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.