Right of action

Va. Code Ann. § 13.1-1232, under Chapter 14. Virginia Business Trust Act..

Va. Code Ann. § 13.1-1232

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.