W. Va. Code R. § 112-5-10

Current through Register Vol. XLII, No. 1, January 3, 2025

Section 112-5-10 - Periods of Limitation

10.1 The administrator shall commence an action against a holder within ten (10) years after the time the property was first reported or specifically placed in issue.

10.2. A holder which conceals property, willfully or otherwise, does not have the protection of the stated limitations period provided in W. Va. Code § 36-8-19.

10.3. The period of limitation with respect to property specifically identified in a report filed by a holder is limited to those individual properties specifically identified and reported and does not extend to individual properties which are not disclosed by the holder, even if the individual properties are of the same type of properties specifically identified and reported.

10.4. The initiation of an examination by the administrator constitutes an "action" for purposes of section 10.1. and tolls the running of any statute of limitations for purposes of enforcement.

W. Va. Code R. § 112-5-10