This bill amends and reenacts section 64-7-1 of the Code of West Virginia, 1931, to authorize the Division of Financial Institutions to promulgate a legislative rule concerning the notice and treatment of joint accounts. Specifically, it references a legislative rule that was filed in the State Register on July 23, 2025, which is related to the management and notification processes for joint accounts, identified as 106 CSR 17.

The bill aims to provide clarity and regulatory guidance on how joint accounts are handled, ensuring that the Division of Financial Institutions has the necessary authority to implement these rules. As this section is newly introduced, there are no deletions or existing legal language being modified.

Statutes affected:
Introduced Version: 64-7-1