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

Virginia Statutes

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

Virginia § 8.01-425

Title 8.01Civil Remedies and Procedure

Ch. 16COMPROMISES

This text of Virginia § 8.01-425 (How fiduciaries may compromise liabilities due to or from them) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 8.01-425 (2026).

Text

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.

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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.