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.

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 effectively. The language in the bill indicates that this section is newly introduced, and therefore, there are no deletions or existing provisions being altered.

Statutes affected:
Introduced Version: 64-7-1