WVC 44 - 10 - 12
§44-10-12. Time allowed guardian for investment of funds.
Whenever a guardian shall collect any principal or interest
belonging to his ward, he shall have sixty days to invest or loan
the same, and shall not be charged with interest thereon until
the expiration of such time, unless he shall have made the
investment previous thereto, in which case he shall be charged
with interest from the time the investment or loan was made:
That if by due diligence any guardian is unable to loan
any principal or interest belonging to his ward within the time
aforesaid, and it becomes necessary for him to apply to the
circuit court for authority or direction concerning such funds,
such guardian shall not, pending a hearing of the matter, be
chargeable with interest on the funds in his hands uninvested,
unless the court or judge otherwise order.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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