Financial Code section 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.

Source: Section 14005, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14005. (updated Jan. 1, 1982; accessed Jun. 9, 2025).

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Last Updated

Jan. 1, 1982

§ 14005’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_14005

Original Source: Section 14005, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14005. (last accessed May 12, 2025).