Kansas § 33-202 - Insolvency
Full text of Kansas Kansas Statutes Annotated § 33-202 — Insolvency, with citation guidance and answers to common questions.
§ 33-202. Insolvency
33-202. Insolvency. (a) A debtor is insolvent if the sum of the debtor's debts is greater than all of the debtor's assets at a fair valuation.(b) A debtor who is generally not paying such debtor's debts as they become due is presumed to be insolvent.(c) A partnership is insolvent under subsection (a) 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.(d) Assets 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 act.(e) Debts 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.History: L. 1998, ch. 13, § 2; January 1, 1999.
Frequently Asked Questions About Kansas § 33-202
What does Kansas Statutes Annotated § 33-202 cover?
Section 33-202 ("Insolvency") is part of the Kansas Statutes Annotated, the codified statutory law of Kansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Kansas § 33-202?
A common citation format is "Kansas Statutes Annotated § 33-202" (Kansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Kansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Kansas official source linked on this page or consult a licensed Kansas attorney.
How does Kansas § 33-202 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Kansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Kansas.