California Financial Code

§ 4847

FIN § 4847 Effective Oct 2, 1995Div. 1.6 · Ch. 3 · Art. 2

Statute text

A seller and purchaser shall make an agreement of sale, providing:

(a)That the seller shall sell to the purchaser, and the purchaser shall purchase from the seller, the seller’s whole business unit.

(b)That the purchaser will assume and be subject to all the debts and liabilities of the seller in the same manner as if the purchaser had itself incurred them.

…

Legislative history

Amended by Stats. 1995, Ch. 480, Sec. 132. Effective October 2, 1995.