04 NCAC 06C .0502         INSOLVENCY

Inability to meet demands of shareholders or creditors shall constitute insolvency.

History Note:        Authority G.S. 54‑109.12; 54-109.92;

Eff. February 1, 1976;

Readopted Eff. April 4, 1978;

Readopted Eff. February 1, 2018.