Section 10A-5A-9.08 Proceeds and Expenses. — United States — Alabama law | Esheria

Section 10A-5A-9.08 Proceeds and Expenses.

Derivative-action proceeds belong to the LLC or series, and a derivative plaintiff who receives proceeds must immediately remit them. If the action succeeds in whole or in part, the court may award reasonable expenses and attorney’s fees from the recovery.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
View official record ↗
derivative actions expenses and attorney’s fees litigation proceeds

Statute overview

About this statute

This page preserves the statute’s identified version, provision structure, official source link, and stored legal text for reading and research.