2021 California Code
Financial Code - FIN
DIVISION 5 - CREDIT UNIONS
CHAPTER 1 - General Provisions
ARTICLE 1 - Definitions
Section 14005.

Universal Citation:
CA Fin Code § 14005 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
14005.  

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.)

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