West Virginia Code 12-1C-5 – Restricted financial institutions
Current as of: 2023 | Check for updates
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(a) In selecting a financial institution to enter into a banking contract, the Treasurer is authorized to disqualify restricted financial institutions from the competitive bidding process or from any other official selection process.
Terms Used In West Virginia Code 12-1C-5
- Contract: A legal written agreement that becomes binding when signed.
(b) The Treasurer is authorized to refuse to enter into a banking contract with a restricted financial institution based on its restricted financial institution status.
(c) The Treasurer is authorized to require, as a term of any banking contract, an agreement by the financial institution not to engage in a boycott of energy companies for the duration of the contract.