Va. Code § 8.01-425

Current with changes from the 2024 legislative session through ch. 845

Section 8.01-425 - How fiduciaries may compromise liabilities due to or from them

Any fiduciary may compromise any liability due to or from him, provided that such compromise be ratified and approved by a court of competent jurisdiction, all parties in interest being before such court by proper process. When such compromise shall have been so ratified and approved, it shall be binding on all parties in interest before such court. Nothing contained in this section shall affect the right of indemnity or of contribution among the parties.

Va. Code § 8.01-425

Code 1950, §§ 8-171, 8-173; 1977, c. 617.

Amended by Acts 1977, § c. 617.