Any deed of conveyance, sale or contract to sell made contrary to the provisions of this title is voidable at the sole option of the grantee, buyer or person contracting to purchase, his or her heirs, personal representatives or trustee within one year after the date of execution of the deed of conveyance, sale or contract to sell is binding upon any assignee or transferee of the grantee, buyer or person contracting to purchase, other than those above enumerated. However, nothing contained in this section shall be deemed to render void or voidable any trust deed mortgage, or other encumbrance in the hands of a bona fide holder for value.
(Ord. 5683 § 1, 2009)