51A-15-12.'Insolvent' defined.'Insolvent' means incapable of meeting the demands of creditors or having liabilities which exceed assets. Source: SL 1982, ch 336, §1; SDCL, §51-27-10.1.
South Dakota Legal Code
51A-15-12.'Insolvent' defined.'Insolvent' means incapable of meeting the demands of creditors or having liabilities which exceed assets. Source: SL 1982, ch 336, §1; SDCL, §51-27-10.1.