California Statutes
§ 31042. — 31042. (Added by Stats. 1977, Ch. 1164.)
California·Code FIN Financial Code - FIN·Div. 15. DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS·Ch. 1. CHAPTER 1. General Provisions·Art. 3. ARTICLE 3. Definitions
“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.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 31042. (31042. (Added by Stats. 1977, Ch. 1164.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1977, Ch. 1164.