Section 57: Court orders on termination of derivative suit
84 words·~1 min read·
/ma/part-i/title-xxii/chapter-156c/57·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 57. On termination of the derivative suit, the court may:
(a)order the limited liability company to pay the plaintiff's reasonable expenses, including counsel fees, incurred in the proceeding if it finds that the suit has resulted in a substantial benefit to the limited liability company; or
(b)order the plaintiff to pay any defendant's reasonable expenses, including counsel fees, incurred in defending the suit if it finds that the suit was commenced or maintained without reasonable cause or for an improper purpose.