West Virginia Code 12-6-16 – Existing investments
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The board shall be vested with ownership of all securities or other investments lawfully held by the board of investments or the West Virginia trust fund as of the effective date of this article. All obligations and assets of the board of investments and the West Virginia trust fund, inc., shall be vested in the West Virginia investment management board as of the effective date of this article.
Terms Used In West Virginia Code 12-6-16
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the governing body for the West Virginia Investment Management Board and any reference elsewhere in this code to Board of Investments or West Virginia Trust Fund means the board as defined in this subdivision. See West Virginia Code 12-6-2
- Securities: means all forms and types of investments, financial instruments or financial transactions which may be considered prudent for investment by the board under section eleven of this article. See West Virginia Code 12-6-2