59-9-2. Obedience required of factor.
A factor must obey the instructions of his principal to the same extent as any other employee, notwithstanding any advances he may have made to his principal upon the property consigned to him, except that if the principal forbids him to sell at the market price, he may nevertheless sell for his reimbursement, after giving to his principal reasonable notice of his intention to do so, and of the time and place of sale, and proceeding in all respects as a pledgee.
Source: CivC 1877, §1169; CL 1887, §3792; RCivC 1903, §1488; RC 1919, §1289; SDC 1939, §3.0604.
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.