California Financial Code
§ 1406
FIN § 1406 Effective Jan 1, 2012Div. 1.1 · Ch. 12 · Art. 1
Statute text
View on leginfo.ca.gov(a)In this section:
(1)“Creditor” includes, but is not limited to, a depositor.
(2)“Insolvency,” when used with respect to a bank, means that the bank is unable to pay its debts as they come due.
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Legislative history
Added by Stats. 2011, Ch. 243, Sec. 3. (SB 664) Effective January 1, 2012.