California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 2. PROPERTY |
Part 4. ACQUISITION OF PROPERTY |
Title 4. TRANSFER |
Chapter 1. Transfers in General |
ARTICLE 3. Mode of Transfer |
Section 1057.
Latest version.
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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.)