Ca_Law

statute | California

Financial Code - FIN - FIN § 4847

  • UIDca_leginfo_codes:fin-4847
  • CitationFinancial Code - FIN - FIN § 4847
  • Court / bodyCalifornia Legislative Counsel
  • Decision dateN/A
  • CollectionPUBINFO_2025
  • SourceOriginal

Summary

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 liabiliti

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.

Retrieval chunks

  • #1 | Financial Code - FIN - FIN § 4847

    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…