§ 28037
45 words·~1 min read·
/ca/corporations-code/28037A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
“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.