Section 43-4-11 - Escrow delivery of grant

43-4-11. Escrow delivery of grant.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 depository, it will take effect. While in the possession of the third person and subject to condition, it is called an escrow. Source: CivC 1877, §609; CL 1887, §3232; RCivC 1903, §925; RC 1919, §527; SDC 1939, §51.1306.