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Home/Legislation/Corporations Act 1989/95A

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Corporations Act 1989

95ASolvency and insolvency

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#### 95A Solvency and insolvency (1) 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. (2) A person who is not solvent is insolvent. (3) Section 922 defines when a person becomes insolvent for the purposes of Part 7.10.

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Section 95A - Corporations Act 1989 - Solvency and insolvency — Zoe