Idaho § 30-29-746 PAYMENT OF EXPENSES

Idaho Statutes

§ 30-29-746 — PAYMENT OF EXPENSES

Idaho·Title 30 CORPORATIONS·Part 7 SHAREHOLDERS·Ch. 29 GENERAL BUSINESS CORPORATIONS

On termination of the derivative proceeding the court may:

(a)Order the corporation to pay the plaintiff’s expenses incurred in the proceeding if it finds that the proceeding has resulted in a substantial benefit to the corporation;

(b)Order the plaintiff to pay any defendant’s expenses incurred in defending the proceeding if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose; or

(c)Order a party to pay an opposing party’s expenses incurred because of the filing of a 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 warranted by existing law or a good faith argument for the extension, modification or reversal of existing law or was int

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On termination of the derivative proceeding the court may:
(a) Order the corporation to pay the plaintiff’s expenses incurred in the proceeding if it finds that the proceeding has resulted in a substantial benefit to the corporation;
(b) Order the plaintiff to pay any defendant’s expenses incurred in defending the proceeding if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose; or
(c) Order a party to pay an opposing party’s expenses incurred because of the filing of a 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 warranted by existing law or a good faith argument for the extension, modification or reversal of existing law or was interposed for an improper purpose, such as to harass or cause unnecessary delay or needless increase in the cost of litigation.

Idaho § 30-29-746 (PAYMENT OF EXPENSES) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.