Cal. Financial Code § 4875
Cal. Financial Code § 4875
California · California Financial Code · Status: effective · Effective 1995-10-02
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- Citation
- Cal. Financial Code § 4875, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/813664
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Full text
(a) After a sale becomes effective, the seller or purchaser may issue an officer’s certificate stating that the seller sold its whole business unit to the purchaser and specifying the time at which the sale became effective.
(b) Any certificate issued pursuant to subdivision (a) shall be prima facie evidence of the fact of the sale and of the regularity of the proceedings taken for the sale and shall be conclusive evidence of the matters in favor of any innocent purchaser or encumbrancer for value.