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W. Va. Code § 11-21-9a

Pledge of credit or collateral by endorser, guarantor or accommodator not to constitute investment in borrower

West Virginia · West Virginia Code Chapter 11 — Taxation · Status: effective

Banking, Finance & Insurance
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W. Va. Code § 11-21-9a, Pledge of credit or collateral by endorser, guarantor or accommodator not to constitute investment in borrower, West Virginia, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2364147
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Any person pledging his credit or collateral as an endorser, guarantor, or accommodator to another person or corporation for the purpose of assisting another in obtaining credit shall not be, or construed to be, an investor in said borrower as to the amount so borrowed, nor shall any payments by said borrower on the indebtedness be, or construed to be, dividend to the endorser, guarantor or accommodator.