THE CORPORATIONS LAW

CCH Note: Part 13 of the Corporations Act 1989, inserted by sec 6 of No 110 of 1990, Sch 1 (effective 1 January 1991), begins as follows:

PART 13 - THE CORPORATIONS LAW
THE CORPORATIONS LAW 82
The Corporations Law is as follows:...

SECTION 95A SOLVENCY AND INSOLVENCY

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95A(1) [When person is solvent]

A person is solvent if, and only if, the person is able to pay all the person's debts, as and when they become due and payable.

95A(2) [Insolvent person not solvent]

A person who is not solvent is insolvent.

95A(3) [Definition of when person is insolvent]

Section 922 defines when a person becomes insolvent for the purposes of Part 7.10.