6.2-912 - (Effective October 1, 2010) Definition.
§ 6.2-912. (Effective October 1, 2010) Definition.
As used in this article, "insolvent" means incapable of meeting the currentdemands of creditors or having liabilities which, in total, exceed the bookvalue of assets.
(Code 1950, § 6-114; 1966, c. 584, § 6.1-100; 1983, c. 507; 2010, c. 794.)