This RSA section is an unofficial mirror, is not legal advice, and may be incomplete, outdated, or incorrectly processed.
RSA 545-A:2 · Insolvency
545-A:2 Insolvency. –
Copy linkA debtor is insolvent if the sum of the debtor's debts is greater than all of the debtor's assets at a fair valuation.
Copy linkA debtor who is generally not paying his debts as they become due is presumed to be insolvent.
Copy linkA partnership is insolvent under paragraph I if the sum of the partnership's debts is greater than the aggregate, at a fair valuation, of all of the partnership's assets and the sum of the excess of the value of each general partner's nonpartnership assets over the partner's nonpartnership debts.
Copy linkAssets under this section do not include property that has been transferred, concealed, or removed with intent to hinder, delay, or defraud creditors or that has been transferred in a manner making the transfer voidable under this chapter.
Copy linkDebts under this section do not include an obligation to the extent it is secured by a valid lien on property of the debtor not included as an asset. Source. 1987, 215:1, eff. Jan. 1, 1988.
Copy linkSource note
Source. 1987, 215:1, eff. Jan. 1, 1988.
Source history
- 1987, 215:1, eff. Jan. 1, 1988
Related materials
Bill relationships
-
2026 HB1127
amend
elivery of any of the notices described in Section 103(b) of that act, 15 U.S.C. Section 7003(b). 545-B:15 Short Title; Predecessor References. The predecessor of this chapter, RSA 545-A, was cited as the uniform fraudulent transfer act, and this chapter, RSA 545-B, may be cited as the uniform voidable transactions act. 2 Creditor's Claim Against a Settlor of an Irrevocable Trust. Amend the introduct
Opinions and discipline decisions mentioning this RSA
- 2001-727, IN RE ESTATE OF ROLAND A. BENNETT Supreme Court opinion · May 16, 2003