West Virginia § 31-12-1 - 31-12-1. Certain building and loan associations and other institutions may subscribe to shares of federal savings and loan association.
Full text of West Virginia West Virginia Code § 31-12-1 — 31-12-1. Certain building and loan associations and other institutions may subscribe to shares of federal savings and loan association., with citation guidance and answers to common questions.
§ 31-12-1. 31-12-1. Certain building and loan associations and other institutions may subscribe to shares of federal savings and loan association.
Any building and loan association or company or savings and loan association or company or savings bank or any other association or corporation that may now or hereafter be eligible to become a member of any federal home loan bank according to the terms of the Federal Home Loan Bank Act, as the same may be amended from time to time, is authorized and empowered to subscribe to the shares of a federal savings and loan association, and may pay for such shares in cash or by the transfer or assignment of such assets of the subscriber as are approved by the federal home loan bank board in writing, evidenced by the certificate of the federal home loan bank board on file with the subscriber.
Source: official West Virginia text · Last verified 2026-08-27
Frequently Asked Questions About West Virginia § 31-12-1
What does West Virginia Code § 31-12-1 cover?
Section 31-12-1 ("31-12-1. Certain building and loan associations and other institutions may subscribe to shares of federal savings and loan association.") 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 § 31-12-1?
A common citation format is "West Virginia Code § 31-12-1" (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 § 31-12-1 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.