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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) For the purposes of this section:
(1) “Escrow agreement” means a written or oral agreement under which money, documents, instruments or other property is delivered by a party to the agreement or another person to a third party to be held by such third party for delivery or disbursement to another party to the agreement or another person upon the occurrence of an event or condition specified in the agreement.
(2) “Escrow holder” means a third party to whom money, documents, instruments or other property is delivered for subsequent delivery or disbursement in accordance with the escrow agreement.
(b) No escrow agreement shall be ineffective, invalid or unenforceable because the escrow holder is the attorney-at-law, law firm or agent for one or more parties to the escrow agreement, whether in connection with the matter to which the escrow agreement is related or otherwise.
Cite this article: FindLaw.com - Connecticut General Statutes Title 51. Courts § 51-81h. Escrow agreement not invalid when attorney-at-law, law firm or agent is escrow holder - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-51-courts/ct-gen-st-sect-51-81h/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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