<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 59-9-1 - Factor defined. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2077464Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2077464SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077464CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2077464Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2077464DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077464000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077464SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2077464SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2077464SPRN { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2077464Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=59-9-1"><span class="s2077464SENU">59-9-1</span></a><span xml:space="preserve" class="s2077464SENU">. </span><span class="s2077464CL">Factor defined.</span></p><p dir="ltr" class="s2077464Normal-000000"><span class="s2077464DefaultParagraphFont">A factor is an agent, who, in the pursuit of an independent calling, is employed to buy or sell property in his own name, and is entrusted by his principal with the possession or control of the property, or authorized to receive payment therefor from the purchaser.</span></p><p dir="ltr" class="s2077464Normal"><span xml:space="preserve" class="s2077464000001"> </span></p><p dir="ltr" class="s2077464Normal"><span class="s2077464SCL">Source:</span><span xml:space="preserve" class="s2077464SCL-000002"> CivC 1877, §§ 1168, 1387; CL 1887, §§ 3791, 4010; RCivC 1903, §§ 1487, 1706; RC 1919, § 1288; SDC 1939, § 3.0601.</span></p><p dir="ltr" class="s2077464Normal"><span xml:space="preserve" class="s2077464000001"> </span></p><p dir="ltr" class="s2077464Normal"><span class="s2077464SPRN">See Cal Civ Code, § 2026.</span></p></div></body></html>