§4-11A-15. Bankruptcy


Published: 2015

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WEST VIRGINIA CODE











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WVC 4 - 11 A- 15

§4-11A-15. Bankruptcy.

Notwithstanding any other provision of law, the authority is

not authorized, and no governmental officer or organization shall

authorize the authority to become a debtor in a case under the

United States bankruptcy code, Title 11 of the United States Code,

to make an assignment for the benefit of creditors or to become the

subject of any similar case or proceeding. The provisions of this

section shall be part of any contractual obligation owed to holders

of any bonds issued pursuant to this article and shall not be

modified by the state prior to the date which is three hundred

sixty-six days after which the authority no longer has any bonds

outstanding.





Note: WV Code updated with legislation passed through the 2015 Regular Session

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