This bill amends and reenacts section 64-9-1 of the Code of West Virginia, 1931, to authorize the State Auditor to promulgate a legislative rule concerning private trust companies. The specific rule in question was filed in the State Register on August 13, 2024, and subsequently modified to address concerns raised by the Legislative Rule-Making Review Committee before being refiled on October 17, 2024.

The primary aim of this legislation is to provide the State Auditor with the authority to establish regulations that govern private trust companies, thereby ensuring compliance and oversight in this area. The bill does not include any deletions or additional legal language beyond the authorization of the legislative rule itself.

Statutes affected:
Introduced Version: 64-9-1