Sections
13 entriesSection 1052Allows a transfer to be made without a writing whenever no statute expressly requires the transfer to be written. The rule makes…Section 1053Defines a written transfer as a grant, conveyance, or bill of sale and provides that “grant,” when used in this and the…Section 1054Sets delivery by the grantor as the event upon which a grant becomes effective to vest the interest intended to be transferred.…Section 1055Establishes a presumption that a duly executed grant was delivered on the date shown on the grant. The provision creates a delivery-date…Section 1056Prohibits conditional delivery of a grant directly to the grantee. Delivery to the grantee or the grantee’s agent is necessarily absolute, and…Section 1057Allows a grantor to deposit a grant with a third person for delivery when a condition is performed. While the third person…Section 1057.3Requires buyers and sellers to return escrowed funds when a one-to-four-unit residential purchase does not close as agreed; failure to sign required…Section 1057.5Prohibits an escrow agent, except for normal employee compensation, from paying referral, solicitation, handling, or servicing compensation to another person and from…Section 1057.6Requires a separate signed and acknowledged notice to buyers or exchange parties in a real-property purchase or simultaneous exchange when no title-insurance…Section 1057.7Requires written escrow instructions executed by a buyer or seller to state, in at least 10-point type, the license name and issuing…Section 1058Establishes that returning a real-property grant to the grantor or canceling the grant does not transfer title back to the grantor. The…Section 1058.5Allows a security-interest holder to record a notice of nonacceptance of a recorded deed when the notice contains the specified property, deed,…Section 1059Establishes constructive delivery of a grant even without physical possession by the grantee when the parties at execution understand it as delivered…