California Financial Code

§ 14005

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FIN § 14005Div. 5 · Ch. 1 · Art. 1

Statute text

View on leginfo.ca.gov

Unless otherwise defined in this division, “insolvent” means a credit union has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due, or is insolvent within the meaning of the federal bankruptcy law.

Legislative history

Added by Stats. 1982, Ch. 716, Sec. 2.