West Virginia Legislature
Code of West Virginia, 1931
Official Recodification - Enacted December 31, 1930 - Effective January 1, 1931
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Showing 3,201–3,250 of 6,321 sections
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31-8-18 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Limit on Loans; Authorization of Loans to Officers and Employees of Bank and Banking Department; Valuation of Securities The total liabilities to any banking institution of any person, firm or corporation, for money borrowed by note, bond, certificate of indebtedness or other devi… Proofed
31-8-19 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Dividends The directors of any banking institution may, annually, semiannually or quarterly, declare and pay dividends. Before the declaration of any dividend, they shall… Proofed
31-8-20 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Loans by Banking Institution on, or Purchase of, its own Stock; Other Corporate Shares No banking institution shall make any loan or discount any obligation on the security of the shares of its own capital stock, or be the purchaser or holder of a… Proofed
31-8-21 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Liability for Payment of Forged Check; Nonpayment of Check No banking institution, including national banking associations, which has paid and charged to the account of a depositor any money on a forged or raised check … Proofed
31-8-22 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Collections; Forwarding Checks or Drafts Direct to Payor Any banking institution doing business in this State, including national banking associations, receiving for collection or deposit, any check, note or other neg… Proofed
31-8-23 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Deposits in Trust; in Name of Self and Another If any deposit in any banking institution, including national banking associations, be made by any person describing himself in making such deposit as trustee f… Proofed
31-8-24 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Payment of Deposits to Minors Whenever any minor shall make, or have credit for, a deposit in any banking institution, including national banking associations, in his or her name, the money … Proofed
31-8-25 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Transactions on Holidays and Sundays No act or transaction of any banking institution in this State, including national banking associations, shall be void or voidable because done on a legal holid… Proofed
31-8-26 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Stop-Payment Order or Countermand of Check or Draft No revocation, countermand or stop-payment order relating to the payment of any check or draft drawn on any banking institution doing business in this State, in… Proofed
31-8-27 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Stale Check or Draft Any banking institution in this State, including national banking associations, may refuse to honor any check or draft drawn on it, after the expiration of twel… Proofed
31-8-28 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Adverse Claim to Bank Credits; Fiduciary No banking institution in this State, including national banking associations, shall refuse to honor any check or draft drawn by the person in whose name any cr… Proofed
31-8-29 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Reorganization; Consolidation; Capitaization of Surplus; Voluntary Liquidation In any voluntary or compulsory proceeding to liquidate a banking institution such banking institution, if the proceeding be not in court, with the consent in wr… Proofed
31-8-30 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Revocation of Permit or License If any banking institution or industrial loan company organized and authorized to transact business under the laws of this State, or building and loan associati… Proofed
31-8-31 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Obedience to Law Compelled; Enforced Liquidation If the commissioner of banking shall revoke the certificate of authority, permit or license of any banking institution in this State, or of any industrial loan … Proofed
31-8-32 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Banking Institutions and Other Corporations With Impaired Capital or Insolvent; Liquidation If the commissioner of banking shall ascertain from any source that the capital of any banking institution or other corporation by law placed under the supervis… Proofed
31-8-33 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Fees for Expenses For making an examination of any corporation under his supervision, the commissioner of banking shall charge and collect from such corporation, and pay into the… Proofed
31-8-34 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Receiving Deposits or Issuing Choses in Action During Insolvency No banking institution, organized and authorized to transact business hereunder, and no industrial loan company, shall accept or receive on deposit, with or wit… Proofed
31-8-35 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Certifying Check Falsely Any officer, agent or clerk of any banking institution mentioned in this article, who shall willfully certify any check drawn upon such banking institution, unl… Proofed
31-8-36 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Misapplication of Funds or Fraud by Officers or Employees Every president, director, cashier, teller, clerk or agent of any corporation mentioned in this article, who willfully misapplies any of the money, funds or cre… Proofed
31-8-37 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations False Entries in Books; False Statements; Penalties Any person who shall willfully or knowingly make, or cause to be made, any false entry in any book, record or document of any corporation subject to supervision… Proofed
31-8-38 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Certain Practices Forbidden It is unlawful for any officer, director or employee of any banking institution, industrial loan company, building and loan association or other corporation by … Proofed
31-8-39 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Penalties The failure to perform any duty required of any corporation or individual, or the doing of any act forbidden by any corporation or individual, by any of the pre… Proofed
31-8-40 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations False Statements Concerning Banking Institutions Whoever, directly or indirectly, willfully and knowingly makes or transmits to another, or circulates, or counsels, aids, procures, or induces another to make, … Proofed
31-8-41 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Failure to Make, Publish or Distribute Reports; Forfeiture Every corporation subject to supervision hereunder failing to make and transmit to the department of banking any of the reports required by law in the form pres… Proofed
31-8-42 Ch. 31 — CORPORATIONS Business Operations and Supervision of Banking Institutions, Industrial Loan Companies and Building and Loan Associations Annual Report of Commissioner Annually on or before the first day of December, said commissioner shall make out and submit to the governor a careful and complete report of all work done by h… Proofed
31-9-1 Ch. 31 — CORPORATIONS Water Power Companies State Control of Streams; Exercise Thereof Through Public Service Commission; Limitations of Article This article shall be known and cited as the “Water Power Act.” All waters within the State shall be under the control and supervision of the State. In order to… Proofed
31-9-2 Ch. 31 — CORPORATIONS Water Power Companies Definitions Unless the context otherwise requires or a specific provision shall expressly provide otherwise, the words defined in this section shall have the following mean… Proofed
31-9-3 Ch. 31 — CORPORATIONS Water Power Companies Powers and Duties of Commission; Application for and Issuance of License; Records of Commission The commission is hereby authorized and empowered: (a) To make investigations and to collect and record data concerning the utilization of the water resourc… Proofed
31-9-4 Ch. 31 — CORPORATIONS Water Power Companies Duration of License; Extensions; Violations of Article by Licensee; Revocation and Judicial Sale of License Licenses under this article shall be granted for a period not exceeding fifty years from and after the date of the filing of the acceptance thereof. At the … Proofed
31-9-5 Ch. 31 — CORPORATIONS Water Power Companies Voluntary Transfer of License; Rights and Duties of any Successor of Licensee No voluntary transfer of any license, or of the rights thereunder granted, shall be made with out the approval of the commission by an order duly entered of rec… Proofed
31-9-6 Ch. 31 — CORPORATIONS Water Power Companies Conditions on Which Licenses Issued; Payments to State; Time for Commencement and Completion of Project; Taking Over by State of Property and Rights of Licensee; Preference as to Use of Power by Consumers in This State; Regulation of Flow of Water; Lease of Power to Manufacturers All licenses issued under this article shall be on the following conditions: (a) That the project adopted, including the maps, plans and specifications, sha… Proofed
31-9-7 Ch. 31 — CORPORATIONS Water Power Companies Reimbursement of Licensee by Others Benefitting from Increased Flow of Stream Any corporation, including a licensee, and any municipality or person, utilizing or obtaining benefit from any increase in flow above the natural flow of a stre… Proofed
31-9-8 Ch. 31 — CORPORATIONS Water Power Companies Power of Eminent Domain; Exercise Thereof In addition to the power of eminent domain which it may have under existing law and except as provided in section nine of this article, any licensee may acquire… Proofed
31-9-9 Ch. 31 — CORPORATIONS Water Power Companies Limitations on Right of Eminent Domain Notwithstanding any provision of this article, no licensee shall, by the exercise of the right of eminent domain, acquire any land, property or right comprised … Proofed
31-9-10 Ch. 31 — CORPORATIONS Water Power Companies Provisions Respecting Dams Across Navigable and Floatable Streams; Fishing and Boating on Reservoir of Licensee Nothing contained in this article shall be so construed as to interfere with the exercise of jurisdiction by the government of the United States over navigable … Proofed
31-9-11 Ch. 31 — CORPORATIONS Water Power Companies Rights of Corporations Which Had Expended Money on Dams on or Before May 22, 1913 Any corporation which had the charter m powers specified in section two of this article, which had in good faith located a dam for its purposes, together with t… Proofed
31-9-12 Ch. 31 — CORPORATIONS Water Power Companies Taking Water From Reservoir of Licensee by Municipality or Company Supplying Same With Water For the use of any municipality of this State or of the inhabitants thereof, any municipality or any public service corporation authorized to supply water to a … Proofed
31-9-13 Ch. 31 — CORPORATIONS Water Power Companies Appeal From Decision of Commission Granting or Refusing License, Etc Any corporation described in section two of this article or any licensee or any other party to the record feeling aggrieved by any decision of the commission gr… Proofed
31-9-14 Ch. 31 — CORPORATIONS Water Power Companies Development by State of Projects Not Licensed; Amendment of Article or License Nothing in this article contained shall abridge the right of the State to determine, through the legislature of the State, to develop in the name of the State a… Proofed
31-9-15 Ch. 31 — CORPORATIONS Water Power Companies Offenses; Penalties Any licensee, or any person who shall willfully fail or refuse to comply with any of the provisions of this article, or with any of the conditions made a part o… Proofed
31-9-16 Ch. 31 — CORPORATIONS Water Power Companies Licenses for Generation of Power for Use in Private Enterprises The commission shall have power to grant licenses hereunder to private persons or corporations for the generation of electric power and energy to be used by the… Proofed
31-9-17 Ch. 31 — CORPORATIONS Water Power Companies Provisions of Article Separable The sections, provisions and subdivisions of this article shall be deemed separable each from the other, and also in respect to the persons, firms and corporati… Proofed
31-9-18 Ch. 31 — CORPORATIONS Water Power Companies Provisions as to Prior Water Power Legislation Notwithstanding any provision of this article to the contrary appearing, any and all permits or licenses granted under chapter eleven of the acts of nineteen hu… Proofed
32-1-1 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Commissioner of Securities The auditor of this State is hereby made, and shall be, the commissioner of securities of this State, and he shall have power and authority to employ such assis… Proofed
32-1-2 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Definitions When used in this chapter the following terms shall, unless the text otherwise indicates, have the following respective meanings: (a) “Security” shall include… Proofed
32-1-3 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Securities Not Included Except as hereinafter otherwise expressly provided, the provisions of this chapter shall not apply to any of the following classes of securities: (a) Any secur… Proofed
32-1-4 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Sales Not Included Except as hereinafter expressly provided the provisions of this chapter shall not apply to the sale of any security in any of the following transactions: (a) … Proofed
32-1-5 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers When Sales Unlawful No securities except of a class exempt under a provision of section three hereof or unless sold in any transaction exempt under a provision of section four here… Proofed
32-1-6 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Securities Registered by Notification; How Registered The following classes of securities shall be entitled to registration by notification in the manner provided in this section: (a) Securities issued by a corpo… Unreviewed
32-1-7 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Securities Registered by Qualification All securities required by this article to be registered before being sold in this State, and not entitled to registration by notification, shall be registered … Proofed
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