Section 57. On termination of the derivative suit, the court may:
(a) order the limited liability company to pay the plaintiff’s reasonable expenses, including counsel fees, incurred in the proceeding if it finds that the suit has resulted in a substantial benefit to the limited liability company; or
(b) order the plaintiff to pay any defendant’s reasonable expenses, including counsel fees, incurred in defending the suit if it finds that the suit was commenced or maintained without reasonable cause or for an improper purpose.
Section: Previous 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 NextLast modified: September 11, 2015