Section 61 : Termination of agency

1) Except when otherwise provided for in the contract, the agency shall be deemed to have epso facto terminated in the following circumstances :

(a) In case the agent voluntarily decides not to continue it,

(b) In case the principal person conceals the authority granted or contract signed with the agent or gives a notice to the agent regarding the impossibility of complying with the contract,

(c) In case the agent has been appointed for any specific work that work is completed,

(d) In case the agent has been appointed for a specific period, after the expiry of that period,

(e) In case the principal person or the agent loses his/her senses,

(f) In case the principal person is declared bankrupt,

(g) In case the subject regarding which the agent has been appointed no longer exists,

(h) In case an agent is appointed by a company or an agent of a company if the company is liquidated.

2) All or any of the power granted by the principal person to the agent may be cancelled at any time before the agent exercises them.

Provided that, in case the agent has already exercised some of such powers, the work performed regarding those powers shall not be deemed to have been cancelled.

3) Notwithstanding anything contained elsewhere in this Section, in case the agent has a share in the property connected with the main subject of the agency, the agent may not be dismissed in such a manner as to have a negative impact on such share.