WVC 12 - 6 - 18
§12-6-18. Liberal construction.
This article, being necessary to secure the public health,
safety, convenience and welfare of the citizens of this state,
shall be liberally construed to effect the public purposes of this
article. The powers granted to the board in this article,
including, without limitation, those granted in section five of
this article, are intended to be broad and shall be construed
broadly so as to vest in the board the power and authority
necessary or appropriate to carry out and effectuate its corporate
purposes in the financial markets of the world, as the same may
evolve, from time to time, at all times in a fashion consistent
with the prudent investor standard as provided by the West Virginia
Uniform Prudent Investor Act, codified as article six-c, chapter
forty-four of this code and section eleven of this article.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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