Va. Code § 13.1-1043

Current with changes from the 2024 Special Session I, ch. 2
Section 13.1-1043 - Proper plaintiff

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.

Va. Code § 13.1-1043

1991, c. 168.
Amended by Acts 1991, § c. 168.