West Virginia Legislature
Code of West Virginia, 1931
Official Recodification - Enacted December 31, 1930 - Effective January 1, 1931
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Showing 3,251–3,300 of 6,321 sections
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32-1-8 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Commissioner to Accept Service of Process for Issuer Upon any application for registration by notification under section six made by an issuer, and upon any application for registration by qualification under sect… Proofed
32-1-9 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Registration Revoked; Sale Suspended The commissioner may revoke the registration of any security by entering an order to that effect, with his findings in respect thereto, if upon examination into… Proofed
32-1-10 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Dealers and Salesmen Registered; Process; Bond; Fees No dealer or salesman shall engage in business in this State as such dealer or salesman or sell any securities including securities exempted in section three of… Unreviewed
32-1-11 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Registration Refused, Suspended or Canceled Registration under section ten of this article may be refused or any registration granted may be canceled by the commissioner if after a reasonable notice and a… Proofed
32-1-12 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Burden of Proof It will not be necessary to negative any of the exemptions or classifications in this article provided in any complaint, information, indictment or any other wr… Proofed
32-1-13 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Certain Stock in Escrow If the statement containing information as to securities, as provided for in section seven of this article, shall disclose that any such securities shall have b… Proofed
32-1-14 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Practices Forbidden; Remedies Whenever it shall appear to the commissioner, either upon complaint or otherwise, that in the issuance, sale, promotion, negotiation, advertisement or distribut… Proofed
32-1-15 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Certain Sales Void; Liability to Purchaser Every sale or contract for sale made in violation of any of the provisions of this article shall be voidable at the election of the purchaser and the person mak… Proofed
32-1-16 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Appeals Allowed An appeal may be taken by any person interested from any final order of the commissioner to the circuit court of Kanawha county by serving upon the commissioner… Proofed
32-1-17 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Fees Paid Into State Treasury All fees herein provided for shall be collected by the commissioner and shall be turned into the state treasury. Proofed
32-1-18 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Offenses; Penalty; Indictment Any person, issuer, dealer, salesman or agent, as defined in section two of this article, or any or all of the officers or agents thereof, alone or in conjuncti… Proofed
32-1-19 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers False Representations; Penalty Any person, issuer, dealer, salesman or agent, as defined in section two of this article, who shall, with intent to induce the purchase of any securities, as de… Proofed
32-1-20 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Signing False Statement; Penalty Any person signing any statement, list, inventory, balance sheet or other paper or document required to be verified or sworn to, knowing any representation ther… Proofed
32-1-21 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Selling Securities in Violation of This Article; Penalty Any person, issuer, dealer, salesman or agent who shall sell or offer to sell any securities without compliance with the provisions of this article, shall be gu… Proofed
32-1-22 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Securities; Definitions; Registration of Securities and of Dealers Other Offenses; Penalties Any person or persons, violating any of the provisions of this article, for which no other penalty is provided shall be guilty of a misdemeanor, and, upon convi… Proofed
32-2-1 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Unlawful to Sell Certain Securities Unless Full Disclosure of Facts be Made It is unlawful for any corporation which has issued, or proposes to issue, any of its corporate securities of any description whatsoever, in payment for propert… Unreviewed
32-2-2 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Corporations Selling Securities Must Disclose to Purchaser Fact if Other Securities of Same Class Have Been Sold at a Lower Price If any corporation issue and dispose of any of its securities with or without par value, at or for a specified consideration or price, it shall be unlawful for … Proofed
32-2-3 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Sale of Certain Lands, Mines, Oil and Gas Leases, Etc., Unlawful It is unlawful for any person, partnership or corporation to sell, or offer for sale, in this State, any lands, situate out of this State, which are to be plant… Proofed
32-2-4 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Untrue or Misleading Advertising; How Punished Any person or corporation who, with intent to sell or in anywise dispose of merchandise, securities, service or anything offered by such person or corporation, … Proofed
32-2-5 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Penalties Any person or corporation who violates any provision of this article, and any person aiding or abetting in such violation, for which a specific penalty is not o… Unreviewed
32-2-6 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Information as to Violations to be Furnished to Commissioner of Securities It is the duty of all sheriffs, deputy sheriffs, prosecuting attorneys, assistant prosecuting attorneys, justices, constables, officers and employees of all sta… Proofed
32-2-7 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Right to Punish Under Other Statutes The fact that any security or property is registered and/or any dealer or salesman is registered or licensed under any provision of this chapter shall be no bar… Proofed
32-2-8 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Indictment; Not Necessary to Negative Any Exception; Knowledge In any indictment for violation of any provision of this chapter, it shall not be necessary to negative any exception contained in any proviso or elsewhere, in … Proofed
32-2-9 Ch. 32 — SPECULATIVE SECURITIES AND FRAUDULENT SALES Fraudulent Sales and Other Unlawful Acts Saving if Part Unconstitutional If any provision of this chapter, or the application thereof to any person or circumstance, is held invalid, the remainder of the chapter, and the application o… Proofed
33-1-1 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Powers and Duties of Insurance Commissioner Insurance Commissioner; Expenses; Assistants The auditor of this State shall continue to be the insurance commissioner of this State. He shall be repaid his actual disbursements for traveling expenses expe… Proofed
33-1-2 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Powers and Duties of Insurance Commissioner General Duties of Commissioner The commissioner shall see that all laws respecting insurance companies are faithfully executed; shall furnish to each insurance company doing business in this … Proofed
33-1-3 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Powers and Duties of Insurance Commissioner Examination of Resident Insurance Companies The insurance commissioner shall at least once in four years, either personally, or by his deputy or agent, visit each insurance company incorporated by this St… Proofed
33-1-4 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Powers and Duties of Insurance Commissioner Examination of Foreign Companies The commissioner may in like manner examine any insurance company not incorporated by this State but doing business herein, and may employ assistants in making … Proofed
33-1-5 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Powers and Duties of Insurance Commissioner Examination and Supervision of Business Methods of Insurance Companies The insurance commissioner may from time to time examine the methods of business of any company, corporation, association, partnership, or combination of person… Proofed
33-1-6 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Powers and Duties of Insurance Commissioner Enforcement of Orders of Commissioner If any such company, corporation, association, partnership, or combination of persons shall fail within ten days to obey any such order of the commissioner, he … Proofed
33-1-7 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Powers and Duties of Insurance Commissioner Fees Payable to Commissioner Except where it is otherwise specially provided, the commissioner shall demand and receive the following fees from all insurance companies: For annual fee for e… Proofed
33-1-8 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Powers and Duties of Insurance Commissioner Reports by Commissioner The commissioner shall annually, within sixty days after the first day of January, submit to the governor a report of his official acts, and of the condition of… Proofed
33-2-1 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions “Company” Defined Whenever the word “company” is used in this chapter it shall be held to include corporations, associations, partnerships or individuals. Proofed
33-2-2 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions What Companies Domestic and What Foreign Every insurance company having its principal place of business in this State and incorporated by an act of the general assembly of Virginia passed before the tw… Proofed
33-2-3 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Charter Not to Issue Except With Approval of Insurance Commissioner The secretary of state of this State shall not issue a certificate of incorporation to any insurance company or association until the insurance commissioner sha… Proofed
33-2-4 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Filing With Commissioner Copy of Charter and Statement of Organization Every insurance company or association shall, before issuing a policy, making a contract of insurance, or otherwise engaging in the business of insurance in thi… Proofed
33-2-5 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Issuance of License by Insurance Commissioner Upon receiving such certified copy and statement, the insurance commissioner may examine such company or association, and if he finds that it has complied with … Proofed
33-2-6 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Compliance With Laws, and License, Conditions Precedent to Doing Business No insurance company or association shall transact the business of insurance, enter into any contract of insurance, or issue or deliver within this State any po… Proofed
33-2-7 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Insurance Companies of Foreign Countries; Capital; Deposit of Securities No insurance company of any foreign country shall take risks in this State unless it has a cash capital or surplus of two hundred thousand dollars and shall hav… Proofed
33-2-8 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Conditions to Doing Business by Companies of Foreign Countries Every insurance company of any foreign country, shall, before admission to do business in this State, in addition to conforming to other requirements of this ch… Proofed
33-2-9 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions What Constitutes Capital of Companies of Foreign Countries The capital of every insurance company of any foreign country shall, for all the purposes of the insurance laws of this State, be the aggregate value of its mon… Proofed
33-2-10 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions How Trustees Appointed; Copies of Trust Deed and Vote of Appointment to be Filed; Examination by Commissioner The trustees referred to in the preceding section shall be appointed by the directors of such company, and a certified copy of the vote by which they are appoin… Proofed
33-2-11 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions No Person to Participate in Unauthorized Insurance Transaction No person shall pay or forward any premium or application for insurance or in any manner secure, help or aid in the placing of any insurance, or effect any cont… Proofed
33-2-12 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Time Licenses Shall Continue in Force All licenses, or certificates of authority issued by the insurance commissioner to insurance companies or associations, or agents, solicitors or brokers, shall … Proofed
33-2-13 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Refusal to Issue or Revocation of License The insurance commissioner may refuse to issue a certificate of authority to any domestic or foreign company if in his judgment, such refusal will best promote … Proofed
33-2-14 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Reissuance of Revoked License When any license, or certificate of authority, has been revoked by the insurance commissioner under the provisions of the preceding section, the same may, excep… Proofed
33-2-15 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Insurance Companies Subject to Examination by Insurance Commissioner Any insurance company now licensed or which may hereafter be licensed by the insurance commissioner to do business in this State shall, so long as it retains an… Proofed
33-2-16 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Duty of Commissioner to Investigate on Complaint Made It shall be the duty of the insurance commissioner at any and all times, upon complaint made to him in writing and certified to by the oath of the complainant, … Proofed
33-2-17 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Penalty for Failure to Produce Books or Papers or Make Affidavit Any manager, officer or agent of any insurance company who shall refuse or fail to produce to the insurance commissioner or to his deputy or agent such books an… Proofed
33-2-18 Ch. 33 — INSURANCE AND ANNUITY CONTRACTS General Provisions Discrimination by Insurance Companies No life insurance company doing business in this State shall make or permit any distinction or discrimination in favor of individuals of the same class, or of e… Proofed
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