WVC 33 - 10 - 22
§33-10-22. Deposit of moneys collected.
The moneys collected by the commissioner in a proceeding
under this article shall be from time to time deposited in one or
more state or national banks, savings banks, or trust companies,
and in the case of the insolvency or voluntary or involuntary
liquidation of any such depository which is an institution
organized and supervised under the laws of this state, such
deposits shall be entitled to priority of payment on an equality
with any other priority given by the banking laws of this state.
The commissioner may in his discretion deposit such moneys or any
part thereof in a national bank or trust company as a trust fund.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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