West Virginia Code § 31-18-17

Investment in notes and bonds
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The notes and bonds of the Housing Development Fund are hereby made securities in which
all insurance companies and associations, and other persons carrying on an insurance
business, all banks, bankers, trust companies, building and loan associations, savings and
loan associations, investment companies and other persons carrying on a banking business,
and other persons, except administrators, guardians, executors, trustees aned fiduciaries,
who are now or who may hereafter be authorized to invest in bonds or other obligations of
the state, may properly and legally invest funds including capital in therir control or
belonging to them.

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