Section 4877.07 Of Article 4. Certain Sales Of Partial Business Units From California Financial Code >> Division 1.6. >> Chapter 3. >> Article 4.
4877.07
. (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.