All sales, leases or other transactions entered into by the Controller pursuant to this chapter shall be conclusive against everyone, except a purchaser or encumbrancer who in good faith and for a valuable consideration acquires a title or interest by an instrument in writing that is first duly recorded.
Section 1381
Code Civ. Proc. § 1381 — under California Code Civ. Proc..
Code Civ. Proc. § 1381