WVC 16 - 29 A- 18
§16-29A-18. Bonds and notes legal investments.
The provisions of sections nine and ten, article six,
chapter twelve of this code to the contrary notwithstanding, the
bonds and notes of the authority are securities in which all
public officers and bodies of this state, including the West
Virginia state board of investments, all municipalities and other
political subdivisions of this state, all insurance companies and
associations and other persons carrying on an insurance business,
including domestic for life and domestic not for life insurance
companies, all banks, trust companies, societies for savings,
building and loan associations, savings and loan associations,
deposit guarantee associations and investment companies, all
administrators, guardians, executors, trustees and other
fiduciaries and all other persons whatsoever who are authorized
to invest in bonds or other obligations of the state may properly
and legally invest funds, including capital, in their control or
belonging to them.
Note: WV Code updated with legislation passed through the 2015 Regular Session
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