Wisconsin § 183.0806 Proceeds and expenses.

Wisconsin Statutes

§ 183.0806 — Proceeds and expenses.

Wisconsin § 183.0806

Ch. 183Uniform limited liability company law

Subch.subch. VIII of ch. 183 SUBCHAPTER VIII

ACTIONS BY MEMBERS

This text of Wisconsin § 183.0806 (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. § 183.0806 (2026).

Text

183.0806 183.0806(1) (1) 183.0806(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 liability company and not to the plaintiff. 183.0806(1)(b) (b) Except as otherwise provided in sub.

(2), if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company. 183.0806(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 liability company.

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183.0806
183.0806(1) (1)
183.0806(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 liability company and not to the plaintiff.
183.0806(1)(b) (b) Except as otherwise provided in sub. (2) , if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.
183.0806(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 liability company.