W. Va. Code R. § 106-6-2 - Holding Company Stock As Collateral
2.1. In the case of a state-chartered bank,
such bank may accept the stock of its parent bank holding company as collateral
for loans or extensions of credit as long as the aggregate amount of the fair
market value of all such parent bank holding company stock held as collateral
will not exceed ten percent (10%) of the capital stock and surplus of the
state-chartered bank.
Notes
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