Bill > HB4791

This bill modifies existing West Virginia law concerning joint accounts in banking institutions by removing the requirement that the banking commissioner, the state official overseeing financial institutions, must approve the forms used by banks for these accounts. Specifically, the bill removes the phrase "on a form to be approved by the banking commissioner" from the section detailing the written notice that must be given to owners of joint accounts opened after July 1, 1994, and also removes the commissioner's role in approving forms and procedures related to multiple-fiduciary accounts. The intent is to streamline the process for banking institutions by eliminating the need for regulatory approval of these specific account forms.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4791&year=2026&sessiontype=RS&btype=bill