Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
On the governor's desk
Both groups of lawmakers approved it. It becomes law once the governor signs it (or lets it pass).
Next: the governor signs it, vetoes it, or lets it become law.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
The purpose of this bill is to authorize the Commissioner of the State Auditor of West Virginia, or his or her designee, to conduct fairness hearings for transactions involving the exchange of a security for one or more outstanding securities, claims or property interests or partly for cash, to determine whether the terms and conditions of the exchange are fair to the security holders participating in the exchange, which would allow the parties in the exchange to seek to qualify the exchange as exempt from registration under Section 3(a)(1) of the Securities Act, 15 U.S.C. §77c(a)(10) .
