Va. Code § 13.1-1043: Proper plaintiff
Where this section sits in the code
- Title 13.1. CORPORATIONS
- Chapter 12. VIRGINIA LIMITED LIABILITY COMPANY ACT
- Article 8. DERIVATIVE ACTIONS
In a derivative action, the plaintiff shall be a member at the time of bringing the action and (i) shall have been a member at the time of the transaction of which he or it complains or (ii) his or its status as a member shall have devolved upon him or it by operation of law or pursuant to the terms of the articles of organization or an operating agreement from a person who was a member at the time of the transaction.1991, c. 168.
Collected 2026-09-04T15:14:14Z. Source file · JSON