Idaho § 30-25-806 PROCEEDS AND EXPENSES

Idaho Statutes

§ 30-25-806 — PROCEEDS AND EXPENSES

Idaho § 30-25-806

Title 30CORPORATIONS

Part 8ACTIONS BY MEMBERS

Ch. 25LIMITED LIABILITY COMPANIES

This text of Idaho § 30-25-806 (PROCEEDS AND EXPENSES) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 30-25-806 (2026).

Text

(a)Except as otherwise provided in subsection (b) of this section:

(1)Any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited liability company and not to the plaintiff; and

(2)If the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.

(b)If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney’s fees and costs, from the recovery of the limited liability company.

(c)A derivative action on behalf of a limited liability company may not be voluntarily dismissed or settled without the court’s approval.

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(a) Except as otherwise provided in subsection (b) of this section:
(1) Any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited liability company and not to the plaintiff; and
(2) If the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.
(b) If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney’s fees and costs, from the recovery of the limited liability company.
(c) A derivative action on behalf of a limited liability company may not be voluntarily dismissed or settled without the court’s approval.