Loading chat...
WV SB581
Bill
AI Summary
- Removes the requirement that the West Virginia Banking Commissioner must approve the specific forms used by banking institutions for joint deposit accounts
- Banking institutions will still be required to provide written notice to joint account owners about creditor claims, payment rights, and pledge/encumbrance rules, but can use their own forms
- Directs the Commissioner to promulgate rules regarding procedures for joint accounts, but eliminates the Commissioner's role in approving the actual forms
- Amends §31A-4-33 of the West Virginia Code, introduced January 22, 2026, and referred to the Senate Committee on Banking and Insurance
Legislative Description
Eliminating requirement that commissioner approve joint account forms used by banking institutions
Banking and Finance
Last Action
House Message received
3/13/2026
Committee Referrals
Finance2/4/2026
Banking and Insurance1/22/2026
Full Bill Text
No bill text available