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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>346345</law_id><section_number>13.1-1043</section_number><catch_line>Proper plaintiff</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><referred_to_by><reference>13.1-1042</reference></referred_to_by><structure><unit label="title" level="1" order_by="44" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="15" identifier="12">Virginia Limited Liability Company Act</unit><unit label="article" level="3" order_by="8" identifier="8">Derivative Actions</unit></structure><text>
						<section><p>In a derivative action, the <span class="dictionary">plaintiff</span> shall be a <span class="dictionary">member</span> at the time of bringing the action and (i) shall have been a <span class="dictionary">member</span> at the time of the transaction of which he or it complains or (ii) his or its status as a <span class="dictionary">member</span> shall have devolved upon him or it by operation of <span class="dictionary">law</span> or pursuant to the terms of the <span class="dictionary">articles of organization</span> or an <span class="dictionary">operating agreement</span> from a <span class="dictionary">person</span> who was a <span class="dictionary">member</span> at the time of the transaction.</p></section></text><history>1991, c. 168.</history><metadata></metadata></law>
