Home/California/Statutes/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/§ 31042.
California Statutes

§ 31042. — 31042. (Added by Stats. 1977, Ch. 1164.)

California § 31042.
JurisdictionCalifornia
Code FINFinancial Code - FIN
Div. 15.DIVISION 15. BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS
Ch. 1.CHAPTER 1. General Provisions
Art. 3.ARTICLE 3. Definitions

This text of California § 31042. (31042. (Added by Stats. 1977, Ch. 1164.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Financial Code - FIN Code § 31042. (2026).

Text

“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.

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Legislative History

Added by Stats. 1977, Ch. 1164.
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Bluebook (online)
California § 31042., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/31042..