§51-6-5. Receiver's liability for funds and interest thereon.
He shall be liable for all moneys which may come into his
hands as general receiver; and if at any time he shall fail to
invest any sum of money, as required by the preceding sections, for
the space of sixty days after the same shall be, or ought to have
been, received by him, or shall fail to pay out any sum of money,
when required by the court to pay the same, for the space of sixty
days after it shall come into his hands for the purpose of such
payment, he shall be charged with interest thereon from the day
when such money was, or ought to have been, received by him, until
such investment or payment is made, unless, upon good cause shown,
the court shall order otherwise.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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