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.\nCode 1950, § 6-114; 1966, c. 584, § 6.1-100; 1983, c. 507; 2010, c. 794; 2018, c. 257.
Virginia Legal Code