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South DakotaStatutes

Ostensible authority

SDCL § 59-9-8 — under FACTORS.

SDCL § 59-9-8

A factor has ostensible authority to deal with the property of his principal as his own in transactions with persons not having notice of the actual ownership. Source: CivC 1877, § 1389; CL 1887, § 4012; RCivC 1903, § 1708; RC 1919, § 1294; SDC 1939, § 3.0603.