Terms Used In West Virginia Code > Chapter 32 > Article 5 - West Virginia Small Business Capital Act

• Escrow: Money given to a third party to be held for payment until certain conditions are met.
• Issuer: means any person who issues or proposes to issue any security, except that: (1) With respect to certificates of deposit, voting-trust certificates or collateral-trust certificates or with respect to certificates of interest or shares in an unincorporated investment trust not having a board of directors or persons performing similar functions or of the fixed, restricted management or unit type, the term "issuer" means the person or persons performing the acts and assuming the duties of depositor or manager pursuant to the provisions of the trust or other agreement or instrument under which the security is issued. See West Virginia Code 32-4-401
• Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
• sell: includes every contract of sale of, contract to sell, or disposition of a security or interest in a security for value. See West Virginia Code 32-4-401
• State: means any state, territory or possession of the United States, the District of Columbia and Puerto Rico. See West Virginia Code 32-4-401