§ 13.1-790 Right of action
A. The duties of directors and officers under this article, the obligation of a benefit corporation to prepare and make available the annual benefit report required under § 13.1-791, and the general and any specific public benefit purpose of a benefit corporation may be enforced only in a benefit enforcement proceeding. No person may bring an action or assert a claim against a benefit corporation or its directors or officers with respect to the duties of directors and officers under this article and the general and any specific public benefit purpose of the benefit corporation except in a benefit enforcement proceeding.
B. A benefit enforcement proceeding may be commenced or maintained only:
2. Derivatively by:
a. A shareholder of the benefit corporation;
b. A director of the benefit corporation; or
c. Other persons as specified in the articles of incorporation or bylaws of the benefit corporation.
History
This law was first created in 2011. The record of its establishment is cataloged in chapter 698 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2011, c. 698.