Disbursement pursuant to written agreement of trust funds where purchase agreement does not close

If an accepted offer and agreement to purchase does not close, a broker may not disburse any funds held in trust, relative to such real estate transaction, except pursuant to a written instruction of all parties to the transaction or pursuant to a court order. Source: SL 1992, ch 273 , § 81; SL 1996, ch 236 , § 7.