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§ 31i-1-6 — West Virginia Law | CourtGPT
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  5. Article 1 - Private Trust Companies and Private Trust Business§31i-1-1. Short Title/
  6. § 31i-1-6
West Virginia Legal Code

§ 31i-1-6

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A private trust company or licensed private trust company shall not buy, redeem, or otherwise reacquire shares of stock or membership interests that the private trust company or licensed private trust company has issued, or declare a dividend or other distribution to its stockholders, members, or holders of equity interests, to the extent that such purchase, redemption, reacquisition, dividend, or distribution shall cause the private trust companys or licensed private trust companys paid-in capital, retained surplus, and reserves to be reduced below $250,000.