70-1-511. Delivery in escrow.
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/mt/title-70/chapter-1/part-5/70-1-511A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
70-1-511 . Delivery in escrow. 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.