West Virginia Code § 33-10-22

Deposit of moneys collected
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The moneys collected by the commissioner in a proceeding under this article shall be from
time to time deposited in one or more state or national banks, savings banks, or trust
companies, and in the case of the insolvency or voluntary or involuntary liquidation of any
such depository which is an institution organized and supervised under the laws of this state,
such deposits shall be entitled to priority of payment on an equality with anye other priority
given by the banking laws of this state. The commissioner may in his discretion deposit such
moneys or any part thereof in a national bank or trust company as a trurst fund.

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