No action on account of any debt or liability assumed by a purchaser in a sale may be commenced against the seller more than one year after the time when the sale becomes effective.
(Added by Stats. 1982, Ch. 1411, Sec. 3.)
Section 4860
Fin. Code § 4860, under Sale of Whole Business Unit to California State Depository Corporation or California State-Licensed Foreign (Other Nation) Bank.
Fin. Code § 4860