WVC 31 - 12 - 2
§31-12-2. Powers of federal savings and loan associations in state.
Whenever, by the terms of any general or special laws of this
state, any restriction is imposed upon the conduct in this state of
any building and loan association or company or savings and loan
association or company or savings bank or any other association or
corporation, the same shall not apply to the affairs or conduct of
the business in this state of any savings and loan association
formed under and pursuant to the act of Congress known as the Home
Owners' Loan Act of one thousand nine hundred thirty-three, as the
same may be amended from time to time, but such federal savings and
loan association or associations may conduct business in this state
according to the terms of the said Home Owners' Loan Act and the
Federal Home Loan Bank Act and the rules and regulations from time
to time fixed and prescribed by the federal home loan bank board
and the federal home loan bank, and may do all things authorized or
required by the said acts of Congress, as amended from time to
time, whereby the said rules and regulations and the said federal
savings and loan association or associations shall not be deemed
foreign corporation or corporations as defined by any general or
special law of this state.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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