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    • Legislation USA
    • California Code
    • Financial Code - FIN
    • DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS
    • CHAPTER 1 - General Provisions
    • ARTICLE 3 - Definitions
    • Section 31042.

    California Code
    ARTICLE 3 - Definitions
    Section 31042.

    31042. “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.

    (Added by Stats. 1977, Ch. 1164.)

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    Structure California Code

    California Code

    Financial Code - FIN

    DIVISION 15 - BUSINESS AND INDUSTRIAL DEVELOPMENT CORPORATIONS

    CHAPTER 1 - General Provisions

    ARTICLE 3 - Definitions

    Section 31030.

    Section 31031.

    Section 31032.

    Section 31033.

    Section 31034.

    Section 31034.5.

    Section 31035.

    Section 31036.

    Section 31037.

    Section 31038.

    Section 31039.

    Section 31040.

    Section 31041.

    Section 31042.

    Section 31043.

    Section 31044.

    Section 31045.

    Section 31046.

    Section 31047.

    Section 31047.5.

    Section 31048.

    Section 31049.

    Section 31050.

    Section 31051.

    Section 31052.

    Section 31053.

    Section 31054.

    Section 31055.

    Section 31056.

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