§ 7-12-15 - Rules of construction.
SECTION 7-12-15
§ 7-12-15 Rules of construction. –(a) The rule that statutes in derogation of the common law are to be strictlyconstrued has no application to §§ 7-12-12 – 7-12-55.
(b) The law of estoppel applies under §§ 7-12-12– 7-12-55.
(c) The law of agency applies under §§ 7-12-12– 7-12-55.
(d) Sections 7-12-12 – 7-12-55 shall be so interpretedand construed as to effect their general purpose to make uniform the law ofthose states which enact them.
(e) Sections 7-12-12 – 7-12-55 shall not be construed soas to impair the obligations of any contract existing on October 1, 1957, norto affect any action or proceedings or right accrued before October 1, 1957.