WVC 18 - 11 E- 12
§18-11E-12. Bonds and notes legal investments.
The provisions of sections nine and ten, article six,
chapter twelve of this code to the contrary notwithstanding, the
bonds and notes of the state issued by the board are securities
in which all public officers and bodies of the state, including
the West Virginia state board of investments, all municipalities
and other political subdivisions of the state, all insurance
companies and associations and other persons carrying on an
insurance business, including domestic for life and domestic not
for life insurance companies, all banks, trust companies,
societies for savings, building and loan associations, savings
and loan associations, deposit guarantee associations and
investment companies, all administrators, guardians, executors,
trustees and other fiduciaries and all other persons whatsoever
who are authorized to invest in bonds or other obligations of the
state may properly and legally invest funds, including capital,
in their control or belonging to them.
Note: WV Code updated with legislation passed through the 2013 1st Special Session
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