59-9-6. Insurance of uninsured property consigned to factor.
In addition to the authority of agents in general, a factor has actual authority from his principal, unless specially restricted, to insure property consigned to him uninsured.
Source: CivC 1877, §1388, subdiv 2; CL 1887, §4011, subdiv 2; RCivC 1903, §1707, subdiv 2; RC 1919, §1293 (2); SDC 1939, §3.0602 (2).
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.