WVC 37 - 1 - 7
§37-1-7. Investment of proceeds.
The proceeds of sale shall be invested under the direction
of the court, for the use and benefit of the persons entitled to
the estate, and, in case of a trust estate, subject to the uses,
limitations, and conditions contained in the writing creating the
trust. But into whosesoever hands such proceeds may be placed,
the court shall take ample security and from time to time require
additional security, if necessary, and make any other proper
orders for the faithful application of the fund, and for the
management and preservation of any property, or securities in
which the same may be invested, and for the protection of the
rights of all persons interested therein, whether such rights be
vested or contingent.
Note: WV Code updated with legislation passed through the 2013 1st Special Session
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