{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1232.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1232.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1232.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1232.html"}],"law_id":67979,"edition_id":1,"section_id":67979,"structure_id":16376,"section_number":"13.1-1232","catch_line":"Right of action","history":"2002, c. 621.","full_text":"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 (\u00a7 13.1-601 et seq.) of this title.","order_by":null,"text":{"0":{"id":246153,"text":"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 (\u00a7 13.1-601 et seq.) of this title.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16376,"edition_id":1,"name":"Derivative Actions","identifier":"7","label":"article","depth":3,"order_by":1,"parent_id":12745,"metadata":{},"date_created":"2026-06-26 04:15:39","date_modified":"2026-06-26 04:15:39","permalink":{"id":149407,"object_type":"structure","relational_id":16376,"identifier":"7","token":"13.1\/14\/7","url":"\/13.1\/14\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12745,"edition_id":1,"name":"Virginia Business Trust Act","identifier":"14","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":149111,"object_type":"structure","relational_id":12745,"identifier":"14","token":"13.1\/14","url":"\/13.1\/14\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":67979,"structure_id":16376,"section_number":"13.1-1232","catch_line":"Right of action","url":"\/13.1-1232\/","token":"13.1\/14\/7\/13.1-1232","metadata":false},{"id":67513,"structure_id":16376,"section_number":"13.1-1233","catch_line":"Payment of and security for expenses","url":"\/13.1-1233\/","token":"13.1\/14\/7\/13.1-1233","metadata":false}],"next_section":{"id":67513,"structure_id":16376,"section_number":"13.1-1233","catch_line":"Payment of and security for expenses","url":"\/13.1-1233\/","token":"13.1\/14\/7\/13.1-1233","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1232\/","history_text":"<p>This law was first created in 2002. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0621\">621<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":62759,"section_number":"13.1-601","catch_line":"Short title","order_by":null,"url":"\/13.1-601\/"}],"permalink":{"id":149409,"object_type":"law","relational_id":67979,"identifier":"13.1-1232","token":"13.1\/14\/7\/13.1-1232","url":"\/13.1-1232\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1232\/","token":"13.1\/14\/7\/13.1-1232","dublin_core":{"Title":"Right of action","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1232","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>A <span class=\"dictionary\">beneficial owner<\/span> may bring a derivative proceeding in the right of a <span class=\"dictionary\">business trust<\/span> to the same extent, and in the same manner, that a shareholder may bring a derivative proceeding under Chapter 9 (\u00a7&nbsp;<a class=\"law\" title=\"Short title\" href=\"\/13.1-601\/\">13.1-601<\/a> et seq.) of this title.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nRIGHT OF ACTION (\u00a7 13.1-1232)\n\nA beneficial owner may bring a derivative proceeding in the right of a business\ntrust to the same extent, and in the same manner, that a shareholder may bring a\nderivative proceeding under Chapter 9 (\u00a7 13.1-601 et seq.) of this title.\n\nHISTORY: 2002, c. 621.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}