Financial Code § 14005

ARTICLE 1. Definitions

Current as of September 28, 2026Fin. Code, § 14005Official source ↗

Added by Stats. 1982, Ch. 716, Sec. 2.

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.