Statutes > South Dakota Statutes > Title 59 - AGENCY > Chapter 09 - Factors > Section 59-9-4 - Factor cannot relieve himself from liability without principal's consent.

Section 59-9-4 - Factor cannot relieve himself from liability without principal's consent.

59-9-4. Factor cannot relieve himself from liability without principal's consent. A factor who receives property for sale under a general agreement or usage to guarantee sales or the remittance of the proceeds, cannot relieve himself from responsibility therefor without consent of his principal.

Source: CivC 1877, § 1172; CL 1887, § 3795; RCivC 1903, § 1491; RC 1919, § 1292; SDC 1939, § 3.0606.