Financial Code section 4857


After an application for approval of a sale has been approved and all conditions precedent to the sale have been fulfilled, the commissioner shall approve the agreement of sale and endorse the approval on the original or a copy of the agreement of sale, and at that time the sale shall become effective for all purposes.

Source: Section 4857, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=4857.­ (updated Jan. 1, 1997; accessed Jun. 16, 2025).

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§ 4857’s source at ca​.gov