Arizona Statutes

§ 10-3636 — Payment of expenses

Arizona·Title 10 Arizona Revised Statutes·Ch. 29 MEMBERS AND MEMBERSHIP-NONPROFIT CORPORATIONS·Art. 4 Derivative Suits

On termination of the derivative proceeding the court may either:

1.Order the corporation 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 corporation.
2.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.
3.Order a party to pay an opposing party's reasonable expenses, including attorney fees, incurred because of the filing of any pleading, motion or other paper, if it finds that the pleading, motion or other paper was not well grounded in fact, after reasonable inquiry, or warr

Free access — add to your briefcase to read the full text and ask questions with AI

Arizona § 10-3636 (Payment of expenses) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Nearby Sections

15
View on official source ↗