(a) No person may engage in any activity in connection with a gaming facility in this state for which a license is required by subsection (b) of this section unless that person has been licensed by the commission in accordance with this article. (b) Licenses are required for the following purposes: (1) For any person engaging in the business of operating a gaming facility in the state; (2) For any person engaging in the business of supplying a gaming facility with gaming devices, gaming supplies or gaming services; (3) For any individual employed by a gaming licensee in connection with the operation of a gaming facility in the state; and (4) For any person providing management services under a contract to a gaming facility.

This legal document governs the issuance of a license to operate a gaming facility in West Virginia. It applies to applicants who wish to operate a gaming facility on the premises of an existing historic resort hotel. The applicant must meet certain qualifications and requirements, including demonstrating adequate capital, meeting public safety standards, and creating employment opportunities. The document also outlines the requirements for submitting a floor plan, restrictions on management service contracts, and the application process.

This legal document governs the limitation on loans and extensions of credit, limitation on investments, loans to executive officers and directors of banks and employees of the banking department, exceptions, and valuation of securities. It applies to state-chartered banking institutions, persons, common enterprises, directors, executive officers, and employees of the Division of Financial Institutions. The document sets limitations on the total loans and extensions of credit that can be made by a state-chartered banking institution to any one person or common enterprise.

This legal document, part of the West Virginia Code’s Uniform Commercial Code on Bank Deposits and Collections, governs the medium and time of settlement by a bank. It states that the medium and time of settlement may be prescribed by federal reserve regulations, circulars, clearing-house rules, agreements, or in the absence of such prescription, it provides default rules. The medium of settlement is either cash or credit to an account in a federal reserve bank or specified by the person receiving settlement.

This section of the West Virginia Code, specifically the Uniform Commercial Code under the Bank Deposits and Collections section, governs the final payment of items by payor banks, the process by which provisional debits and credits become final, and the availability of credits for withdrawal. According to the code, an item is considered finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or when a provisional settlement is made and not revoked within the permitted time.

This section of the West Virginia Code, specifically the Uniform Commercial Code under the Bank Deposits and Collections section, governs the actions and responsibilities of payor banks in relation to demand items. It outlines the circumstances under which a payor bank can revoke a settlement and recover the payment for a demand item. The payor bank has the option to return the item or send written notice of dishonor or nonpayment if the item is unavailable for return.

This section of the West Virginia Code, specifically under the Uniform Commercial Code and Bank Deposits and Collections, governs the treatment of items subject to notice, stop-payment order, legal process, or setoff, as well as the order in which these items may be charged or certified. It applies to payor banks and their customers. According to the document, any knowledge, notice, or stop-payment order received by the payor bank, legal process served upon the bank, or setoff exercised by the bank does not terminate, suspend, or modify the bank’s right or duty to pay an item or charge the customer’s account if certain conditions are met.

This legal document, part of the West Virginia Code’s Uniform Commercial Code, governs bank deposits and collections. It outlines the circumstances under which a bank may charge a customer’s account, even if it creates an overdraft. The bank can charge against the account if the item is properly payable, authorized by the customer, and in accordance with any agreement between the customer and bank. The customer is not liable for the amount of an overdraft if they neither signed the item nor benefited from its proceeds.

This legal document, part of the West Virginia Code’s Uniform Commercial Code on Bank Deposits and Collections, governs the customer’s right to stop payment and the burden of proof of loss. According to this document, a customer or any person authorized to draw on the account may stop payment of any item drawn on the customer’s account or close the account by providing an order to the bank. The stop-payment order is effective for six months and can be renewed for additional six-month periods.

A bank is under no obligation to a customer having a checking account to pay a check, other than a certified check, which is presented more than six months after its date, but it may charge its customer’s account for a payment made thereafter in good faith.