59-3-14. Authority to receive price of property.
A general agent to sell entrusted by the principal with possession of the thing sold, has authority to receive the price. A special agent to sell has authority to receive the price on delivery of the thing sold, but not afterward.
Source: CivC 1877, §§1364, 1365; CL 1887, §§3987, 3988; RCivC 1903, §§1683, 1684; RC 1919, §§1265, 1266; SDC 1939, §3.0210.