Persons under a disability; approval of compromises on behalf thereof in suits or actions. (SB1293)
Introduced By
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Approval of compromises on behalf of persons under a disability in suits or actions to which they are parties. Provides that the court shall approve the settlement if it finds that all payments that are due to be made are to be irrevocably guaranteed by an insurance company or companies authorized to do business in the Commonwealth and rated "A plus" (A+) or better by Best's Insurance Reports. Amends § 8.01-424 (“Approval of compromises on behalf of persons under a disability in suits or actions to which they are parties.”), of the Code of Virginia. View Full Text »
Outcome
Bill Has Passed
View Bill's History
