{"data":{"id":"us-wv/w.-va.-code-12-6c-12","jurisdiction":"us-wv","citation":"W. Va. Code § 12-6C-12","heading":"Securities handling.","body":"In financial transactions whereby securities are purchased by the Board under an agreement providing for the resale of the 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 6C. WEST VIRGINIA BOARD OF TREASURY INVESTMENTS."],"source_url":"https://code.wvlegislature.gov/12-6C-12/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:22:19Z","sha256":"418a170f9f634118bcae089bf0b5462cc618b27f828b771ba65bc8a655237c79","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-12-6c-11b","next":"us-wv/w.-va.-code-12-6c-13"},"notice":"GroundRules: Original legal text. Not legal advice."}