California § 4847. 4847. (Amended by Stats. 1995, Ch. 480, Sec. 132.)

California Statutes

§ 4847. — 4847. (Amended by Stats. 1995, Ch. 480, Sec. 132.)

California § 4847.

Code FINFinancial Code - FIN

Div. 1.6.DIVISION 1.6. DEPOSITORY CORPORATIONS—SALE, MERGER, AND CONVERSION

Ch. 3.CHAPTER 3. Sale

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

This text of California § 4847. (4847. (Amended by Stats. 1995, Ch. 480, Sec. 132.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 4847. (2026).

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.

(c)Other provisions as may be appropriate.

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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.

Legislative History

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

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California § 4847., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/4847..