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3353 REVIEW DENIED Transactions connected with the viatical purchase of life insurance policies were escrows for purposes of the Finance Code sections establishing the Escrow Agents' Fidelity Corporation if the parties who made deposits with the member company intended them to be held for delivery until the transaction was completed, even though company officers who arranged the transactions acted fraudulently and without the intent of completing the transaction as arranged or delivering the material and money deposited.CitationPASTERNAK v BOUTRIS (Fraudulent Escrows) 99 CA4 907 [See: FinC 17300 etseq]
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