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California Regulations § 20622 Escrow

⤴ Up to Article 2: Definitions

Regulation Text

"Escrow" is the process by which a third party having no direct or indirect financial interest with a vendor holds, for safekeeping, the source code, including all changes or modifications and new or amended versions. A financial interest would exist if the third party, for instance, included a vendor's stocks in its portfolio.

Source

1. New section filed 8-8-95; operative 9-7-95 (Register 95, No. 32). 2. Renumbering of former section 20622 to section 20621 and renumbering of former section 20623 to section 20622 , including amendment of NOTE, filed 12-31-2014; operative 4-1-2015 (Register 2015, No. 1).

History

1. New section filed 8-8-95; operative 9-7-95 (Register 95, No. 32). 2. Renumbering of former section 20622 to section 20621 and renumbering of former section 20623 to section 20622, including amendment of NOTE, filed 12-31-2014; operative 4/1/2015 ( Register 2015, No. 1 ).

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