Wisconsin § 179.0906 Proceeds and expenses.

Wisconsin Statutes

§ 179.0906 — Proceeds and expenses.

Wisconsin § 179.0906

Ch. 179Uniform limited partnership law

Subch.subch. IX of ch. 179 SUBCHAPTER IX

ACTIONS BY PARTNERS

This text of Wisconsin § 179.0906 (Proceeds and expenses.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 179.0906 (2026).

Text

179.0906 179.0906(1) (1) 179.0906(1)(a) (a) Except as otherwise provided in sub.

(2), any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the plaintiff. 179.0906(1)(b) (b) Except as otherwise provided in sub.

(2), if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the partnership. 179.0906(2) (2) If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney fees and costs, from the recovery of the limited partnership.

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

179.0906
179.0906(1) (1)
179.0906(1)(a) (a) Except as otherwise provided in sub. (2) , any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the plaintiff.
179.0906(1)(b) (b) Except as otherwise provided in sub. (2) , if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the partnership.
179.0906(2) (2) If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney fees and costs, from the recovery of the limited partnership.