§ 8.01-435. Who may confess judgment
Confession of judgment under the provisions of § 8.01-432 may be made either by the debtor himself or by his duly constituted attorney-in-fact, acting under and by virtue of a power of attorney duly executed and acknowledged by him as deeds are required to be acknowledged, before any officer or person authorized to take acknowledgments of writings to be recorded in this Commonwealth, provided, however, that any power of attorney incorporated in, and made part of, any note or bond authorizing the confession of judgment thereon against the makers and endorsers in the event of default in the payment thereof at maturity need not be acknowledged, but shall specifically name therein the attorney or attorneys or other person or persons authorized to confess such judgment and the clerk's office in which the judgment is to be confessed.
(Code 1950, § 8-359; 1977, c. 617.)
Sections: Previous 8.01-429 8.01-430 8.01-431 8.01-432 8.01-433 8.01-433.1 8.01-434 8.01-435 8.01-436 8.01-437 8.01-438 8.01-439 8.01-440 8.01-441 8.01-442 NextLast modified: April 16, 2009