California Civil Code Section 1057

CA Civ Code § 1057 (2017)  

A grant may be deposited by the grantor with a third person, to be delivered on performance of a condition, and, on delivery by the depositary, it will take effect. While in the possession of the third person, and subject to condition, it is called an escrow.

(Enacted 1872.)

Last modified: October 25, 2018