"Insolvent" defined.
"Insolvent" means incapable of meeting the demands of creditors or having liabilities which exceed assets.
S.D. Codified Laws § 51A-15-12
"Insolvent" defined
Source: SL 1982, ch 336, § 1; SDCL, § 51-27-10.1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.