Ca_Law

statute | California

Financial Code - FIN - FIN § 14005

Summary

Unless otherwise defined in this division, “insolvent” means a credit union has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due, or is insolvent within the meaning of the federal bankruptcy law.

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Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 14005

    Unless otherwise defined in this division, “insolvent” means a credit union has ceased to pay its debts in the ordinary course of business, or cannot pay its debts as they become due, or is insolvent within the meaning of the federal bankruptcy law.