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2018 West Virginia Code
CHAPTER 31. CORPORATIONS.
ARTICLE 18A. WEST VIRGINIA ENERGY CONSERVATION REVOLVING LOAN FUND.
§31-18A-8. Prohibition on funds inuring to the benefit of or being distributable to the directors or officers.
Universal Citation: WV Code § 31-18A-8 (2018)
§31-18A-8. Prohibition on funds inuring to the benefit of or being distributable to the directors or officers.
No part of the funds of the energy conservation revolving loan fund shall inure to the benefit of or be distributable to the directors or officers of the Housing Development Fund except that the Housing Development Fund shall be authorized and empowered to pay reasonable compensation for services rendered and to make loans as previously specified in furtherance of its purposes under this article.
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