As used in this article, “insolvent” means incapable of meeting the current demands of creditors or having liabilities which, in total, exceed the book value of assets.
History
Code 1950, § 6-114; 1966, c. 584, § 6.1-100; 1983, c. 507; 2010, c. 794.
As used in this article, “insolvent” 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.
