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Can you summarize WVCO Chapter 31A, Article 3?
BANKS AND BANKING. > BOARD OF BANKING AND FINANCIAL INSTITUTIONS.
Short Summary
This legal document pertains to the West Virginia Board of Banking and Financial Institutions. It governs various aspects such as the appointment, qualifications, terms, oath, quorum, meetings, disqualification of members from participation, compensation, records, office space, personnel, and continuation of the board. The board consists of six members and the commissioner, who serves as the chairman. The members are appointed by the Governor with the advice and consent of the Senate. The board meetings are held at least once in each calendar quarter, and a majority of the members constitute a quorum. The members receive compensation and reimbursement for expenses incurred. The board keeps accurate records of its proceedings, and the commissioner provides necessary office space and assistance. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Members of the West Virginia Board of Banking and Financial Institutions
What does it govern?
Appointment, qualifications, terms, oath, quorum, meetings, disqualification of members from participation, compensation, records, office space, personnel, and continuation of the board
What are exemptions?
No specific exemptions are mentioned
What are the Penalties?
No specific penalties are mentioned
Jurisdiction
West Virginia