§ 3154 - Expenses - Vermont Statutes

§ 3154. Expenses TITLE 11Corporations, Partnerships and AssociationsCHAPTER 21. LIMITED LIABILITY COMPANIESSubchapter XI. Derivative Actions

§ 3154. Expenses

If a derivative action for a limited liability company 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 may award the plaintiff reasonable expenses, including reasonable attorney's fees, and shall direct the plaintiff to remit to the limited liability company the remainder of the proceeds received. (Added 1995, No. 179 (Adj. Sess.), § 4.)