West Virginia Directors and Officers Indemnity Trust

State:
Multi-State
Control #:
US-CC-17-105G
Format:
Word; 
Rich Text
Instant download

Description

This sample form, a detailed Directors and Offiers Indemnity Trust, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.
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FAQ

The lien will continue for 10 years from the date of entry. W.Va. Code § 38-3-7. The judgment may be renewed for an additional 10 years.

A deed of trust may convey both real property or some interest therein and personal property or only real property or some interest therein or only personal property in order to secure a debt.

A credit line deed of trust shall be, from the time it is duly recorded as required by law, security for all indebtedness or other obligations secured thereby at the time of recording and for all future advances secured thereby in an aggregate principal amount outstanding at any time not to exceed the maximum amount ...

"Credit line deed of trust" means any deed of trust, mortgage, bond, or other instrument entered into after July 1, 1982, in which title to real property located in the Commonwealth is conveyed, transferred, encumbered, or pledged to secure payment of money, including advances or other extensions of credit to be made ...

There are many kinds of torts under West Virginia law including negligence, trespass, slander, intentional infliction of emotional distress, assault, and battery. Negligent torts, such as failing to obey traffic rules and thus causing an automobile accident, are perhaps the most common and well-known.

In West Virginia, the general rule for recovering under the theory of strict liability is that an injured person may recover if he or she was injured by a product that is not reasonably safe for its intended use. Also, Under West Virginia law, it's no excuse that other manufacturers are making similar products.

Fraudulent insurance acts; interference and participation of convicted felons prohibited.

A judgment lien is created automatically on debtor property that's located in the West Virginia county where the judgment is entered. For property in other West Virginia counties, the creditor records an abstract of judgment with the clerk of the court in the county where the property is located.

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West Virginia Directors and Officers Indemnity Trust