§ 6.2-912 Definition
As used in this article, “insolvent” or “insolvency” means incapable of meeting the current demands of creditors or having liabilities which, in total, exceed the book value of assets.
History
The record of this law’s original creation isn’t available online. The oldest record of it is its appearance in the Code of Virginia of 1950, as § 6-114. It has been modified 4 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 1983, chapter 507; in 2010, chapter 794; in 2018, chapter 257.
Code 1950, § 6-114; 1966, c. 584, § 6.1-100; 1983, c. 507; 2010, c. 794; 2018, c. 257.