32-1-503. Bank insolvent when.
44 words·~1 min read·
/mt/title-32/chapter-1/part-5/32-1-503·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-1-503 . Bank insolvent when. A bank is insolvent within the meaning of this chapter when all of its capital, surplus, and undivided profits are absorbed in losses and the remaining assets are not sufficient to pay and discharge its contracts, debts, and engagements.