West Virginia § 16-48-7 - 16-48-7. Limitation on Liability.
Full text of West Virginia West Virginia Code § 16-48-7 — 16-48-7. Limitation on Liability., with citation guidance and answers to common questions.
§ 16-48-7. 16-48-7. Limitation on Liability.
(a) Nothing in this act creates any obligation of the Treasurer, the state or any agency or instrumentality of the state to guarantee for the benefit of any account owner or designated beneficiary with respect to the:
(1) Return of principal;
(2) Rate of interest or other return on any account; or
(3) Payment of interest or other return on any account.
(b) The Treasurer may propose rules for legislative approval in accordance with the provisions of article three, chapter twenty-nine-a of this code to provide that every contract, application or other similar document that may be used in connection with opening an account clearly indicates that the account is not insured by the state and that the principal deposited and the investment return are not guaranteed by the state.
Source: official West Virginia text · Last verified 2026-08-27
Frequently Asked Questions About West Virginia § 16-48-7
What does West Virginia Code § 16-48-7 cover?
Section 16-48-7 ("16-48-7. Limitation on Liability.") is part of the West Virginia Code, the codified statutory law of West Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite West Virginia § 16-48-7?
A common citation format is "West Virginia Code § 16-48-7" (West Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of West Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the West Virginia official source linked on this page or consult a licensed West Virginia attorney.
How does West Virginia § 16-48-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in West Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in West Virginia.