Virginia Decodedhttps://vacode.org809486.2-912Definition2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsBanksReceiverships

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.

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