Code of Virginia § 6.2-912. Definition.
49 words·~1 min read·
/va/title-6-2/chapter-8/6-2-912A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As used in this article, "insolvent" or "insolvency" means incapable of meeting the current demands of creditors or having liabilities which, in total, exceed the book value of assets.
Code 1950, § 6-114; 1966, c. 584, § 6.1-100; 1983, c. 507; 2010, c. 794 ; 2018, c. 257 .