§54-500-1005A. Proceeds and expenses.
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/ok/title-54-partnership/54-500-1005a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
PROCEEDS AND EXPENSES.
(a)Except as otherwise provided in subsection
(b)of this section:
(1)any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the derivative plaintiff;
(2)if the derivative plaintiff receives any proceeds, the derivative plaintiff shall immediately remit them to the limited partnership.
(b)If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney fees, from the recovery of the limited partnership. Added by Laws 2010, c. 384, § 87, eff. Jan. 1, 2011.