§514A-65  Escrow requirement. 
All moneys paid by purchasers prior to the purchaser's receipt of the
contingent final public report or the final public report on the project shall
be deposited in trust under escrow arrangement with instructions that no disbursements
shall be made from such trust funds on behalf of the seller until the contract
has become binding, and the requirements of sections 514A-40, 514A-63, and
514A-64.5 have been met. [L 1977, c 98, pt of §2; am L 1984, c 58, §8; am L
1991, c 44, §24; am L 1997, c 135, §11]