§ 41-4. Disposition of security.
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A.B.Upon default by the vendor, the vendee may demand return of his deposit or deposits from the vendor. If the vendor has placed the deposit or deposits in an escrow account pursuant to § 41-3, he shall physically transfer the account to the vendee within 14 business days after the day on which said demand was made. If the vendor has posted a bond pursuant to § 41-2, the vendee may initiate action for payment thereon if his deposit or deposits have not been paid to such vendee within 14 business days after the day in which said demand was made.