WVC 31 A- 7 - 11
§31A-7-11. General subrogation rights of Federal Deposit
In all cases where the federal deposit insurance corporation
pays or makes available for payment the insured deposit liabilities
of a closed financial institution or a financial institution under
receivership, the federal deposit insurance corporation, whether or
not it is receiver of such institution, is subrogated to all of the
rights of the owners of the deposits against the financial
institution in the same manner and to the same extent as
subrogation of the corporation is provided for in sections 1811
through 1832, inclusive, of Title XII of the United States Code in
the closing of a national banking association.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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