Fin. Code, § 4879.15 · Article 5. Other Sales of Partial Business Units

Fin. Code, § 4879.15

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

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.

Notes and commentary — not statutory text

History

Added by Stats. 1995, Ch. 480, Sec. 155. Effective October 2, 1995.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN&sectionNum=4879.15.
Text hash: sha256 0e5f3e4fa9115bf2b5a6bcc46eabdf558b0b116f9925527c6db2a8b4cec98190
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 2 provisions

Provisions in this library whose text cites Fin. Code, § 4879.15. Each shows the citation as that text prints it.

Financial Code

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