There is a newer version of the Code of Virginia
2011 Code of Virginia
Title 13.1 CORPORATIONS.
Chapter 14 Virginia Business Trust Act (13.1-1200 thru 13.1-1285)
13.1-1232 Right of action
VA Code § 13.1-1232 (2001 through Reg Session) What's This?
13.1-1232. Right of action.
A beneficial owner may bring a derivative proceeding in the right of a business trust to the same extent, and in the same manner, that a shareholder may bring a derivative proceeding under Chapter 9 ( 13.1-601 et seq.) of this title.
(2002, c. 621.)
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