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Cal. Financial Code § 31042

Cal. Financial Code § 31042

California · California Financial Code · Status: effective

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Cal. Financial Code § 31042, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/816009
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“Insolvent”, when used with respect to any person, means a person who has ceased to pay his debts in the ordinary course of business, who cannot pay his debts as they become due, or whose liabilities exceed his assets.