GroundRules
FIN § 31042
Where this section sits in the code
- Financial Code - FIN
- DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS [31000. - 31952.]
- CHAPTER 1. General Provisions [31000. - 31056.]
- ARTICLE 3. Definitions [31030. - 31056.]
“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.
Collected 2026-09-14T05:56:33Z. Source file · JSON