Nebraska § 21-169 Proceeds and expenses

Nebraska Statutes

§ 21-169 — Proceeds and expenses

Nebraska § 21-169

Ch. 21Corporations and Other Companies

This text of Nebraska § 21-169 (Proceeds and expenses) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 21-169 (2026).

Text

(RULLCA 906) (a) Except as otherwise provided in subsection (b) of this section:

(1)any proceeds or other benefits of a derivative action under section 21-165 , 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 under section 21-165 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.

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(RULLCA 906) (a) Except
as otherwise provided in subsection (b) of this section:
(1) any proceeds or other
benefits of a derivative action under section 21-165 , 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 under section 21-165 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.