West Virginia Code 31A-4-41 – Additional authority of board as to limited operations and cessation of business by state banks
Current as of: 2023 | Check for updates
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The board may, by and with the consent of the Governor, permit or require any state bank or any number or all of such banks to:
Terms Used In West Virginia Code 31A-4-41
- Board: means the West Virginia Board of Banking and Financial Institutions. See West Virginia Code 31A-1-2
- State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
(1) Operate and do business in such manner and under such limitations and regulations as the board, with the approval of the Governor, may prescribe, or
(2) Cease business for such period of time as the board, with the approval of the Governor, may direct, in which case the period of such cessation shall be held to be a legal holiday as to such bank or banks.