79-29-1106 - Payment of expenses. - Mississippi Statutes

§ 79-29-1106. Payment of expenses.
 

On termination of the derivative proceeding the court may: 
 

(a) Order the limited liability company to pay the plaintiff's reasonable expenses (including attorney fees) incurred in the proceeding if it finds that the proceeding has resulted in a substantial benefit to the limited liability company; or 

(b) Order the plaintiff to pay any defendant's reasonable expenses (including attorney fees) incurred in defending the proceeding if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose. 
 

Sources: Laws,  1994, ch. 402, § 82, eff from and after July 1, 1994.