Arizona Revised Statutes § 29-833 Expenses

29-833. Expenses

A. 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 may award the plaintiff reasonable expenses, including reasonable attorney fees, and shall direct the plaintiff to remit to the limited liability company the remainder of those proceeds received by him.

B. In an action instituted in the right of any domestic or foreign limited liability company by a member or members, the court having jurisdiction on final judgment and a finding that the action was brought without reasonable cause may require the plaintiff or plaintiffs to pay to the parties named as defendants the reasonable expenses, including attorney fees, incurred by them in the defense of such action.

Section: Previous  29-808  29-809  29-810  29-811  29-812  29-831  29-832  29-833  29-841  29-841.01  29-842  29-843  29-844  29-845  29-846  Next

Last modified: October 13, 2016