Current with changes from the 2024 legislative session enacted on or before 4/18/2024
Section 21-169 - Proceeds and expenses(RULLCA 906)
(a) Except as otherwise provided in subsection (b) of this section: (1) any proceeds or other benefits of a derivative action under section 21-165, whether by judgment, compromise, or settlement, belong to the limited liability company and not to the plaintiff; and(2) if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.(b) If a derivative action under section 21-165 is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees and costs, from the recovery of the limited liability company.