Ga. Code § 14-3-746

Current through 2023-2024 Legislative Session Chapter 709
Section 14-3-746 - Payment of expenses of proceeding

On termination of the derivative proceeding the court may:

(1) Order the corporation to pay the plaintiff's reasonable expenses (including attorney's fees) incurred in the proceeding if it finds that the proceeding has resulted in a substantial benefit to the corporation; or
(2) Order the plaintiff to pay any defendant's reasonable expenses (including attorney's fees) incurred in defending the proceeding if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose.

OCGA § 14-3-746

Amended by 2023 Ga. Laws 260,§ 1-1, eff. 7/1/2023.