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Virginia · Through 9/4/2026 · Newer source version available

Va. Code § 13.1-1043: Proper plaintiff

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Where this section sits in the code
  1. Title 13.1. CORPORATIONS
  2. Chapter 12. VIRGINIA LIMITED LIABILITY COMPANY ACT
  3. 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

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