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TITLE 4. SECURITIES 25000-31516›DIVISION 3. CAPITAL ACCESS COMPANIES 28000-28958›CHAPTER 1. General Provisions 28000-28049›ARTICLE 2. Definitions 28030-28049

§ 28037

California Corporations Code · 2020-11 edition · updated 2026-10-04 · California

“Insolvent,” when used with respect to any person, means a person who has ceased to pay his or her debts in the ordinary course of business, who cannot pay his or her debts as they become due, or whose liabilities exceed his or her assets.

(Added by Stats. 1998, Ch. 668, Sec. 3. Effective January 1, 1999. Operative July 1, 1999, by Sec. 4 of Ch. 668.)

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California Corporations Code

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