1. MCA Contents
  2. TITLE 30
  3. CHAPTER 11
  4. Part 6
  5. 30-11-601 Factor defined

TITLE 30. TRADE AND COMMERCE

CHAPTER 11. SALES

Part 6. Factors

Factor Defined

30-11-601. Factor defined. A factor is an agent who, in the pursuit of an independent calling, is employed by another person to sell property for that person and is vested by the person with the possession or control of the property or authorized to receive payment for the property from the purchaser.

History: En. Sec. 2750, Civ. C. 1895; re-en. Sec. 5290, Rev. C. 1907; re-en Sec. 7805, R.C.M. 1921; Cal. Civ. C. Sec. 2026; Based on Field Civ. C. Sec. 1045; re-en. 7805, R.C.M. 1935; R.C.M. 1947, 2-401; amd. Sec. 933, Ch. 56, L. 2009.