Statute · California Financial Code
Cal. Fin. Code § 4847 — Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank
Cal. Fin. Code § 4847
- Type
- Statute
- Source
- California Financial Code
- Jurisdiction
- California
- Date
- 1995-10-02
- Current through
- Nov 2, 2026 (California Legislative Counsel)
A seller and purchaser shall make an agreement of sale, providing:
Citator
Cal. Fin. Code § 4847 — Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank is in force in the current edition of the Code, and nothing recorded condemns it.
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.
(c) Other provisions as may be appropriate.