Massachusetts § 57 Court orders on termination of derivative suit

Massachusetts Statutes

§ 57 — Court orders on termination of derivative suit

Massachusetts § 57

Part IADMINISTRATION OF THE GOVERNMENT

Title XXIICORPORATIONS

Ch. 156CLIMITED LIABILITY COMPANY ACT

This text of Massachusetts § 57 (Court orders on termination of derivative suit) is published on Counsel Stack Legal Research, covering Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mass. Gen. Laws ch. 156C, § 57 (2026).

Text

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.

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

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.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

Massachusetts § 57, Counsel Stack Legal Research, https://law.counselstack.com/statute/ma/156C/57.