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§ 13-1-1043 — Virginia Law | CourtGPT
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Virginia Legal Code

§ 13-1-1043

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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.\n1991, c. 168.