SECTION 620.2005. Proceeds and expenses.

Latest version.

1(1) 2Except as otherwise provided in subsection (2):
9(a) 10Any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the derivative plaintiff.
36(b) 37If the derivative plaintiff receives any proceeds, the derivative plaintiff shall immediately remit such proceeds to the limited partnership.
56(2) 57If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney’s fees, from the limited partnership.

History.-s. 17, ch. 2005-267.

Bills Cite this Section:

None

Implemented Rule (3):

Cited by Court Cases:

None

                    
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