Financial Code section 4860

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.

Source: Section 4860, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=4860. (updated Jan. 1, 1982; accessed Jul. 27, 2026).

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Up to date

Verified:
Jul. 27, 2026

§ 4860's source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_4860

Original Source: Section 4860, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=4860. (last accessed May 12, 2025).