26-5 - Liability for losses by negligence or failure to make defense. - Virginia Statutes

§ 26-5. Liability for losses by negligence or failure to make defense.

If any fiduciary mentioned before in this chapter, or any agent or attorneyat law, shall, by his negligence or improper conduct, lose any debt or othermoney, he shall be charged with the principal of what is so lost, andinterest thereon, in like manner as if he had received such principal.

If any personal representative, guardian, conservator, curator, or committeeshall pay any debt the recovery of which could be prevented by reason ofillegality of consideration, lapse of time, or otherwise, knowing the factsby which the same could be so prevented, no credit shall be allowed himtherefor.

(Code 1919, § 5406; 1997, c. 801.)