WVC 31 A- 4 - 38
§31A-4-38. Direct leasing of personal property.
Banking institutions may, subject to rules and regulations
promulgated by the commissioner of banking, acquire and lease
personal property pursuant to a binding arrangement for the
leasing of such property to any person upon terms requiring
payment to the institution, during the minimum period of the
lease, of rentals which in the aggregate will exceed a reasonable
estimate of the total expenditures to be made by the institution
for or in connection with the acquisition, ownership, maintenance
and protection of the property.
Note: WV Code updated with legislation passed through the 2016 Regular Session
The West Virginia Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.