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Current as of January 01, 2024 | Updated by Findlaw Staff
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:
(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.
Cite this article: FindLaw.com - West Virginia Code Chapter 31A. Banks and Banking § 31A-4-41. Additional authority of board as to limited operations and cessation of business by state banks - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-31a-banks-and-banking/wv-code-sect-31a-4-41/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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