California CodesCivil Code - CIVDivision 2 — PropertyPart 4 — Acquisition of PropertyTitle 4 — TransferChapter 1 — Transfers in GeneralArticle 3 — Mode of TransferSection 1057
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.
Notes
Allows a grantor to deposit a grant with a third person for delivery when a condition is performed. While the third person holds the instrument subject to that condition, the arrangement is called an escrow; when the depositary delivers the grant after performance, the grant takes effect.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1057 | https://laws.lexinter.net/codes/california/civil-code/division-2/part-4/title-4/chapter-1/article-3/section-1057