Chap. 35.—-An ACT to authorize a
surety or endorser of any obli
a renewal thereof in the name
section 73 of a
ing Act.

iog/lfoMthe payment of money to execute
d behalf of his decedent, and to repeal
rch P7, 1928, known as the Virginia Bank-

a Sntative of a deceased maker,
[S B 4]

Approved February 20, 1930

1. Be it enacted by the general assembly of Virginia, That in all
cases where a decedent is the maker or one of the makers, a surety or
one of the sureties, an endorser or one of the endarecere af anw wate
or other obligation for the payment of money, which is due or past
due at the death of said decedent, or shall thereafter become due prior
to the settlement of the estate of said decedent, the said decedent's per-
sonal representative shall have authority and power to execute as such
personal representative a new note, bond or other obligation for the
payment of money, in the same capacity as decedent was obligated, tor
the same amount or less but not greater than the sum due, principal
and interest, on the original obligation, which shall be in lieu of the
original obligation of the decedent, whether made payable to the
original holder or another, and shall have authority and power to
renew said note, bond or other obligation for the payment of money
from time to time, and said note, bond or other obligation for the
payment of money so executed by said personal representative shall be
binding upon the estate of said decedent to the same extent and in the
same manner and with the same effect that the original note, bond
or other obligation for the payment of money so executed by the
decedent was binding upon his estate; provided, that the time for
final payment of the note, bond or other obligation tor the payment
of money, or any renewal thereof by said personal representative shall
not extend beyond a period of two years from the qualification of the
original personal representative as such upon the estate of said dece-
dent, except upon the order of a court of competent jurisdiction.

The execution of any note, bond or other obligation for the pay-
ment of money by the personal representative mentioned in the first
paragraph of this act shall not be held or construed to be binding upon
said personal representative personally.

2. Section seventy-three of an act approved March twenty-seventh,
nineteen hundred and twenty-eight, known as the Virginia Banking
Act, is hereby repealed.