bankrupt or insolvent. The Community Organization becomes bankrupt, insolvent, or a receiving order is made against it.
bankrupt or insolvent. Such determination shall be made in a timely fashion, and shall be based upon a decision of a court of competent jurisdiction, a report of a nationally recognized appraisal firm or a certification by the Chief Executive Officer of the Corporation of a determination of its Board of Directors. Unless the Trust Department of the Trustee has actual knowledge of the Corporation's bankruptcy or insolvency, the Trustee shall have no duty to inquire whether the Corporation is bankrupt or insolvent.