"Insolvent" means incapable of meeting the demands of creditors or having liabilities which exceed assets. Source: SL 1982, ch 336 , § 1; SDCL, § 51-27-10.1.
"Insolvent" defined
SDCL § 51A-15-12 — under SUSPENSION AND LIQUIDATION OF BANKS.
SDCL § 51A-15-12