Md. Code, Corp. & Ass'ns § 4A-804

Current with changes from the 2024 Legislative Session

Section 4A-804 - Expenses

If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise, or settlement of an action or claim, the court:

(1) May award the plaintiff reasonable expenses, including reasonable attorney's fees; and

(2) Shall direct the plaintiff to remit to the limited liability company the remainder of those proceeds.

Md. Code, CA § 4A-804