6.1-274 - (Repealed effective October 1, 2010) Limitation of interest in bankruptcy. - Virginia Statutes

§ 6.1-274. (Repealed effective October 1, 2010) Limitation of interest inbankruptcy.

Any loan made under the provisions of this chapter which is properlyscheduled in a bankruptcy proceeding shall bear interest against any party tothe loan from ninety days after the date of adjudication, whether there is anultimate discharge or an extension, if any interest be allowable at all, atsix percent per year only; but this limitation shall not apply in thefollowing instances: to a comaker not currently in bankruptcy when thebankrupt is not entitled to a discharge, or the particular obligation is notdischargeable under the provisions of the Bankruptcy Act.

(Code 1950, § 6-304; 1966, c. 584; 1987, c. 410.)