Financial Code § 4860

ARTICLE 2. Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank

Current as of September 28, 2026Fin. Code, § 4860Official source ↗

Added by Stats. 1982, Ch. 1411, Sec. 3.

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.