{"data":{"id":"us-wv/w.-va.-code-12-6-9h","jurisdiction":"us-wv","citation":"W. Va. Code § 12-6-9h","heading":"Securities handling.","body":"In financial transactions whereby securities are purchased by the board under an agreement providing for the resale of such securities to the original seller at a stated price, the board shall take physical possession of the securities, directly, by its custodian bank or through a neutral third party: Provided, That an agreement with a neutral third party may not waive liability for the handling of the securities: Provided, however, That when the board is unable to take possession, directly, by its custodian bank or through a mutual third party, the board may leave securities in a segregated account with the original seller, provided the amount of the securities with any one seller may not exceed $150 million.","path":["CHAPTER 12. PUBLIC MONEYS AND SECURITIES.","ARTICLE 6. WEST VIRGINIA INVESTMENT MANAGEMENT BOARD."],"source_url":"https://code.wvlegislature.gov/12-6-9H/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:22:17Z","sha256":"be38ab486f367a89e6aebe85ab9a2662254b744d1ce140c1ae8f8e7154577456","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-12-6-9g","next":"us-wv/w.-va.-code-12-6-10"},"notice":"GroundRules: Original legal text. Not legal advice."}