California § 4877.07. 4877.07. (Added by Stats. 1995, Ch. 480, Sec. 154.)

California Statutes

§ 4877.07. — 4877.07. (Added by Stats. 1995, Ch. 480, Sec. 154.)

California § 4877.07.

JurisdictionCalifornia

Code FINFinancial Code - FIN

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

Ch. 3.CHAPTER 3. Sale

Art. 4.ARTICLE 4. Certain Sales of Partial Business Units

This text of California § 4877.07. (4877.07. (Added by Stats. 1995, Ch. 480, Sec. 154.)) 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 § 4877.07. (2026).

Text

(a)After a sale becomes effective, the seller or purchaser may issue an officer’s certificate stating that the seller sold a California branch business unit to the purchaser, describing the business unit, and specifying the time at which the sale became effective.

(b)Any certificate issued pursuant to subdivision (a) shall be prima facie evidence of the fact of the sale and of the regularity of the proceedings taken for the sale and shall be conclusive evidence of the matters in favor of any innocent purchaser or encumbrancer for value.

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(a)
After a sale becomes effective, the seller or purchaser may issue an officer’s certificate stating that the seller sold a California branch business unit to the purchaser, describing the business unit, and specifying the time at which the sale became effective.
(b)
Any certificate issued pursuant to subdivision (a) shall be prima facie evidence of the fact of the sale and of the regularity of the proceedings taken for the sale and shall be conclusive evidence of the
matters in favor of any innocent purchaser or encumbrancer for value.