An obligor is insolvent when the total of his liabilities exceeds the total of his fairly appraised assets.
Article 2037 active cc book
Insolvency ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1984, No. 331, §1, eff. Jan. 1, 1985
- amendment Acts 2003, No. 552, §1
- amendment Acts 2004, No. 447, §1