The Law Reform (Miscellaneous Provisions) (Northern Ireland) Order 2005

Escrows

This adran has no associated Memorandwm Esboniadol

7.—(1) An instrument operating as an escrow may be revoked by the person delivering it at any time before it has effect.

(2) An instrument executed by a corporation is, and always has been, capable of operating as an escrow in the same circumstances and with the same consequences as an instrument executed by an individual.