North Dakota § 45-10.2-93 (1005) Proceeds and expenses

North Dakota Statutes

§ 45-10.2-93 — (1005) Proceeds and expenses

North Dakota § 45-10.2-93

Title 45Partnerships

Ch. 45-10.2Uniform Limited Partnership Act

This text of North Dakota § 45-10.2-93 ((1005) Proceeds and expenses) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 45-10.2-93 (2026).

Text

1.Except as otherwise provided in subsection 2:

a.Any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the derivative plaintiff; and

b.If the derivative plaintiff receives any proceeds, then the derivative plaintiff shall immediately remit them to the limited partnership.

2.If a derivative action is successful in whole or in part, then the court may award the plaintiff reasonable expenses, including reasonable fees for services of an attorney, from the recovery of the limited partnership.

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1. Except as otherwise provided in subsection 2:
a. Any proceeds or other benefits of a derivative action, whether by judgment,
compromise, or settlement, belong to the limited partnership and not to the
derivative plaintiff; and
b. If the derivative plaintiff receives any proceeds, then the derivative plaintiff shall
immediately remit them to the limited partnership.
2. If a derivative action is successful in whole or in part, then the court may award the
plaintiff reasonable expenses, including reasonable fees for services of an attorney,
from the recovery of the limited partnership.