local agent

local agent
An agent of a corporation representing it at a given place or within a definite district. Anno: 113 ALR 84, 85. In the insurance business, a term characterizing an agent of an insurance company in reference to the territory in which his services are to be employed on behalf of the company, not in reference to his authority respecting a particular transaction. 29 Am J Rev ed Ins § 152. As used in statutes authorizing the service of process on the local agent of a foreign corporation, a local agent who represents the corporation in the promotion of the business for which it was incorporated has been held to be an agent at a given place or within a definite district, but every person who may be employed in any capacity by it is not a local agent. An agent with authority to borrow money and execute notes and deeds of trust in the name of the corporation, a resident sales agent, and a bookkeeper having charge of the finances of the corporation have each been held to be a local agent under such statutes. 36 Am J2d For Corp § 563.

Ballentine's law dictionary. . 1998.

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