California Law (Last Updated: March 4, 2014) |
Financial Code - FIN |
Division 5. CREDIT UNIONS |
Chapter 1. General Provisions |
ARTICLE 1. Definitions |
Section 14005.
Latest version.
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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.
(Added by Stats. 1982, Ch. 716, Sec. 2.)