59-9-8. Ostensible authority.
A factor has ostensible authority to deal with the property of his principal as his own in transactions with persons not having notice of the actual ownership.
Source: CivC 1877, §1389; CL 1887, §4012; RCivC 1903, §1708; RC 1919, §1294; SDC 1939, §3.0603.