Montana § 30-11-606 Authority Of Factor

Montana Statutes

§ 30-11-606 — Authority Of Factor

Montana·Title 30 TRADE AND COMMERCE·Ch. 11 SALES·Part 6 Factors

30-11-606 . Authority of factor. In addition to the authority of agents in general, a factor has actual authority for the principal, unless specially restricted, to:

(1)insure property consigned to the factor uninsured;

(2)sell on credit anything entrusted to the factor for sale, except things that it is contrary to usage to sell on credit, but not to pledge, mortgage, or barter the things; and

(3)delegate the factor's authority to the factor's partner or servant but not to any person in an independent employment.

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30-11-606 . Authority of factor. In addition to the authority of agents in general, a factor has actual authority for the principal, unless specially restricted, to:
(1) insure property consigned to the factor uninsured;
(2) sell on credit anything entrusted to the factor for sale, except things that it is contrary to usage to sell on credit, but not to pledge, mortgage, or barter the things; and
(3) delegate the factor's authority to the factor's partner or servant but not to any person in an independent employment.

Montana § 30-11-606 (Authority Of Factor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 3171, Civ. C. 1895; re-en. Sec. 5464, Rev. C. 1907; re-en Sec. 7979, R.C.M. 1921; Cal. Civ. C. Sec. 2368; Field Civ. C. Sec. 1267; re-en. 7979, R.C.M. 1935; R.C.M. 1947, 2-406; amd. Sec. 938, Ch. 56, L. 2009.