Section 4879.17 Of Article 5. Other Sales Of Partial Business Units From California Financial Code >> Division 1.6. >> Chapter 3. >> Article 5.
4879.17
. (a) After a sale becomes effective, the commissioner shall
issue, upon application, a certificate under his or her official
seal, stating that the seller sold a partial business unit to the
purchaser, describing the business unit, and specifying the time at
which the sale became effective.
(b) Any certificate 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.