California Business and Professions Code Section 24074.2

CA Bus & Prof Code § 24074.2 (2017)  

Any person desiring to act as an escrow holder under Section 24074 shall not release any funds in the escrow in exchange for a promissory note or in exchange for any other consideration of less value to the creditors than the funds exchanged.

(Added by Stats. 1967, Ch. 1494.)

Last modified: October 25, 2018