California Financial Code

§ 31042

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

FIN § 31042Div. 15 · Ch. 1 · Art. 3

Statute text

View on leginfo.ca.gov

“Insolvent”, when used with respect to any person, means a person who has ceased to pay his debts in the ordinary course of business, who cannot pay his debts as they become due, or whose liabilities exceed his assets.

Legislative history

Added by Stats. 1977, Ch. 1164.