59-9-1. Factor defined.
A factor is an agent, who, in the pursuit of an independent calling, is employed to buy or sell property in his own name, and is entrusted by his principal with the possession or control of the property, or authorized to receive payment therefor from the purchaser.
Source: CivC 1877, §§1168, 1387; CL 1887, §§3791, 4010; RCivC 1903, §§1487, 1706; RC 1919, §1288; SDC 1939, §3.0601.
See Cal Civ Code, §2026.
Structure South Dakota Codified Laws
Section 59-9-1 - Factor defined.
Section 59-9-2 - Obedience required of factor.
Section 59-9-3 - Liability under guaranty commission.
Section 59-9-4 - Factor cannot relieve himself from liability without principal's consent.
Section 59-9-5 - Actual authority to sell on credit, restrictions.
Section 59-9-6 - Insurance of uninsured property consigned to factor.
Section 59-9-7 - Delegation of authority to partner or servant.