South Dakota § 47-14A-75 Costs and attorney's fees of successful derivative action.

South Dakota Statutes

§ 47-14A-75 — Costs and attorney's fees of successful derivative action.

South Dakota·Title 47 CORPORATIONS·Ch. 47-14A SOUTH DAKOTA BUSINESS TRUST ACT

If a derivative action is successful, in whole or in part, or if anything is received by a business trust as a result of a judgment, compromise, or settlement of any such action, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees. If anything is so received by the plaintiff, the court shall make such award of plaintiff's expenses payable out of those proceeds and direct plaintiff to remit to the business trust the remainder thereof, and if those proceeds are insufficient to reimburse plaintiff's reasonable expenses, the court may direct that any such award of plaintiff's expenses or a portion thereof be paid by the business trust.

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If a derivative action is successful, in whole or in part, or if anything is received by a business trust as a result of a judgment, compromise, or settlement of any such action, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees. If anything is so received by the plaintiff, the court shall make such award of plaintiff's expenses payable out of those proceeds and direct plaintiff to remit to the business trust the remainder thereof, and if those proceeds are insufficient to reimburse plaintiff's reasonable expenses, the court may direct that any such award of plaintiff's expenses or a portion thereof be paid by the business trust.

South Dakota § 47-14A-75 (Costs and attorney's fees of successful derivative action.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.