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2006 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 8.01-232 of the Code of Virginia is amended and reenacted as follows:
§ 8.01-232. Effect of promises not to plead statute.
A. Whenever the failure to enforce a promise, written or
unwritten, not to plead the statute of limitations would operate as a fraud on
the promisee, the promisor shall be estopped to plead the statute. In all other
cases, an unwritten promise not to plead the statute shall be void, and a
written promise not to plead such statute shall have the effect of a promise
to pay the debt or discharge the liability be valid when (i) it is made
to avoid or defer litigation pending settlement of any case, (ii) it is not
made contemporaneously with any other contract, and (iii) it is made for an
additional term not longer than the applicable limitations period. No
provision of this subsection shall operate contrary to subsections B and C of
this section.
B. No acknowledgment or promise by any personal representative of a decedent shall charge the estate of the decedent, revive a cause of action otherwise barred, or relieve the personal representative of his duty to defend under § 26-5 in any case in which but for such acknowledgment or promise, the decedent's estate could have been protected under a statute of limitations.
C. No acknowledgment or promise by one of two or more joint contractors shall charge any of such contractors in any case in which but for such acknowledgment another contractor would have been protected under a statute of limitations.