A claim or right arising out of an alleged breach may be discharged in whole or in part without consideration by agreement of the aggrieved party in an authenticated record.

HISTORY: 1962 Code Section 10.1-107; 1966 (54) 2716; former 1976 Code Section 36-1-107; 2014 Act No. 213 (S.343), Section 1, eff October 1, 2014.

Editor's Note

2014 Act No. 213, Section 51, provides as follows:

"SECTION 51. This act becomes effective on October 1, 2014. It applies to transactions entered into and events occurring after that date."