If the money of a principal shall be deposited by a private agent in the name of the principal in the hands of a bank of good credit and the deposit is according to the common usage of the place, the agent shall not be responsible for any loss arising from the failure of the bank.
History. Civil Code 1895, § 3008; Civil Code 1910, § 3580; Code 1933, § 4-209.
History of Code section.
This Code section is derived from the decision in Rogers v. Hopkins & Glenn, 70 Ga. 454 (1883).
Structure Georgia Code
Article 2 - Relations Between Principal and Agent
§ 10-6-20. Rights Under Agency for Illegal Purpose
§ 10-6-22. Diligence Required of Agent
§ 10-6-23. Agent May Follow Instructions From One of Several Principals
§ 10-6-24. Agent Not to Buy or Sell for Himself
§ 10-6-25. Agent Must Account for Profit From Principal’s Property
§ 10-6-26. Estoppel of Agent to Dispute Principal’s Title
§ 10-6-27. Right of Principal to Follow Money Deposited by Agent
§ 10-6-28. When Agent Depositing Principal’s Money Not Liable for Bank Failure
§ 10-6-29. Mingling Goods of Principal and Agent
§ 10-6-30. Agents and Fiduciaries to Keep Accounts; Effect of Neglect
§ 10-6-31. When Agent Entitled to Commission and Expenses
§ 10-6-32. Owner’s Right to Sell Property Placed With Broker; Broker’s Right to Commissions
§ 10-6-33. Revocation of Agency — When and How Done; Damages for Unreasonable Revocation
§ 10-6-39. Liability of Principal for Injuries by Other Agents