GroundRules
32-2-1003: When mutual association insolvent.
Where this section sits in the code
- TITLE 32. FINANCIAL INSTITUTIONS
- CHAPTER 2. MUTUAL SAVINGS AND LOAN ASSOCIATIONS
- Part 10. Dissolution, Closing, and Liquidation
A mutual association is insolvent within the meaning of this chapter when its capital is absorbed in losses and the remaining assets are not sufficient to pay and discharge its contracts, debts, and engagements.
Collected 2026-09-14T04:51:57Z. Source file · JSON