Statute of Frauds.
The House passed another of GBA’s priority bills this week and the Senate unanimously agreed to slight amendments made by the House Judiciary Committee
thereby clearing the legislation for the Governor's consideration. The bill, SB 37
by Senate Banking and Financial Institutions chairman William Ligon
(R-Brunswick), clarifies that an agreement to modify, alter, cancel, repeal, revoke, release, or rescind a promise, agreement, contract, or commitment that is subject to the statute of frauds shall itself be in writing and subject to the statute of frauds. Our thanks to Rep. Bonnie Rich
(R-Suwanee) who ably handled the bill on the floor as the House sponsor.