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.
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- Jurisdiction
- United States — Alabama
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- Act or statute
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- Undated source snapshot
- Language
- en
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derivative actions expenses and attorney’s fees litigation proceeds
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Section 10A-5A-9.08 Proceeds and Expenses.
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