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State Codes and Statutes

State Codes and Statutes

Statutes > West-virginia > 31a > 31a-7-15

§31A-7-15. Exclusivity of powers and procedures of article.
The provisions of this article provide full and exclusive powers and procedures for the conservatorship, receivership and liquidation of a financial institution, and a receiver or conservator for a financial institution shall not under any circumstances be appointed nor shall a conservatorship, receivership or liquidation of a financial institution under any circumstances be conducted except in the manner provided for in this article.