Va. Code § 13.1-1232
Current with changes from the 2024 legislative session through ch. 845
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.
Va. Code § 13.1-1232