{"code":"FIN","codeName":"Financial Code","section":"4879.15","citation":"Fin. Code, § 4879.15","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION [4800. - 4966.]","url":"https://blackletter.si/financial-code/division-1.6"},{"name":"CHAPTER 3. Sale [4840. - 4879.17.]","url":"https://blackletter.si/financial-code/division-1.6/chapter-3"},{"name":"ARTICLE 5. Other Sales of Partial Business Units [4879.01. - 4879.17.]","url":"https://blackletter.si/financial-code/division-1.6/chapter-3/article-5"}],"history":"Added by Stats. 1995, Ch. 480, Sec. 155.   Effective October 2, 1995.","effective":"1995-10-02","html":"<p>No action on account of any debt or liability assumed by a purchaser in a sale may be commenced against the seller more than one year after the time when the sale becomes effective.</p>","text":"No action on account of any debt or liability assumed by a purchaser in a sale may be commenced against the seller more than one year after the time when the sale becomes effective.","otherVersions":[],"url":"https://blackletter.si/financial-code/other-sales-of-partial-business-units-4879-15","source":"California Legislative Information bulk export (pubinfo)"}