2009 Nebraska Code
Chapter 21 CORPORATIONS AND OTHER COMPANIES
21-1712 Insolvent, defined.
21-1712.
Insolvent, defined.Insolvent shall mean a condition in which (1) the actual cash market value of the assets of a credit union is insufficient to pay its liabilities to its members, (2) a credit union is unable to meet the demands of its creditors in the usual and customary manner, (3) a credit union, after demand in writing by the director, fails to make good any deficiency in its reserves as required by law, or (4) a credit union, after written demand by the director, fails to make good an impairment of its capital or surplus.
Source-
Laws 1996, LB 948, ยง 12.
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