Right of Principal to Follow Money Deposited by Agent

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A principal may follow his money deposited by an agent in the latter's name and recover the same wherever found, unless the rights of innocent third persons shall have intervened.

(Civil Code 1895, § 3005; Civil Code 1910, § 3577; Code 1933, § 4-208.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 3 Am. Jur. 2d, Agency, § 181.

C.J.S.

- 2A C.J.S., Agency, § 308.

ALR.

- Liability of receiver in his official capacity for torts or negligence of receivership employees, 10 A.L.R. 1055.

Deposit to individual account of checks or notes drawn or endorsed by agent or fiduciary, as charging bank with notice of misappropriation, 57 A.L.R. 925; 64 A.L.R. 1404; 106 A.L.R. 836; 115 A.L.R. 648.

Deposit by trustee of funds of separate trusts in a single bank account, 117 A.L.R. 179.

When statute of limitations commences to run against action by principal to recover money or other property from agent, 141 A.L.R. 361.


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