21-169. Proceeds and expenses.
98 words·~1 min read·
/ne/chapter-21/21-169A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(RULLCA 906)
(a)Except as otherwise provided in subsection
(b)of this section:
(1)any proceeds or other benefits of a derivative action under section 21-165 , whether by judgment, compromise, or settlement, belong to the limited liability company and not to the plaintiff; and
(2)if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.
(b)If a derivative action under section 21-165 is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees and costs, from the recovery of the limited liability company.