W. Va. Code § 5B-12-6
Investment prohibitions
West Virginia · West Virginia Code Chapter 5B — Economic Development Act of 1985 · Status: effective
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- Citation
- W. Va. Code § 5B-12-6, Investment prohibitions, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2359583
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Full text
No eligible business that receives a qualified investment under the provisions of this article, or any affiliates of such eligible business, shall directly or indirectly:
(1) Own or have the right to acquire an ownership interest in a growth fund or member or affiliate of a growth fund including, but not limited to, a holder of a capital investment issued by a growth fund; or
(2) Loan to or invest in a growth fund or any member or affiliate of a growth fund including, but not limited to, a holder of capital investment issued by a growth fund, where the proceeds of such loan or investment are directly or indirectly used to fund or refinance the purchase of capital investments under this article.