47-09-08. Delivery in escrow.
48 words·~1 min read·
/nd/title-47/chapter-47-09/47-09-08A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A grant may be deposited by the grantor with a third person to be delivered on the 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.