Nevada § 112.160 - Insolvency
Full text of Nevada Nevada Revised Statutes § 112.160 — Insolvency, with citation guidance and answers to common questions.
§ 112.160. Insolvency
1. 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. 2. A debtor who is generally not paying his or her debts as they become due is presumed
to be insolvent. 3. A partnership is insolvent under subsection 1 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. 4. 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 chapter. 5. 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.
Frequently Asked Questions About Nevada § 112.160
What does Nevada Revised Statutes § 112.160 cover?
Section 112.160 ("Insolvency") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. 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 Nevada § 112.160?
A common citation format is "Nevada Revised Statutes § 112.160" (Nevada). 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 Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 112.160 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada 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 Nevada.