§ 14005
43 words·~1 min read·
/ca/financial-code/14005A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.