WVC 31 A- 4 - 43
§31A-4-43. Negotiable order of withdrawal accounts allowed.
A banking institution may permit the owner of a deposit or
account on which interest or dividends are paid to make
withdrawals by negotiable or transferable instruments for the
purpose of making transfers to third parties if such deposit or
account consists solely of funds in which the entire beneficial
interest is held by one or more individuals or by an organization
which is operated primarily for religious, philanthropic,
charitable, educational or similar purposes and which is not
operated for a profit or if such deposit or account consists of
public funds deposited by an officer, employee or agent of the
United States, any state, county, municipality or political
Note: WV Code updated with legislation passed through the 2016 Regular Session
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