47-1A-1331.1. Counsel and expert fees and expenses.
119 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1331-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The court in an appraisal proceeding may also assess the fees and expenses of counsel and experts for the respective parties, in amounts the court finds equitable:
(1)Against the corporation and in favor of any or all shareholders demanding appraisal if the court finds the corporation did not substantially comply with the requirements of §§ 47-1A-1320 , 47-1A-1322 , 47-1A-1322.1 , 47-1A-1324 , or 47-1A-1325 to 47-1A-1325.3 , inclusive; or
(2)Against either the corporation or a shareholder demanding appraisal, in favor of any other party, if the court finds that the party against whom the fees and expenses are assessed acted arbitrarily, vexatiously, or not in good faith with respect to the rights provided by this chapter.