Wyoming § 17-29-906 Proceeds and expenses

Wyoming Statutes

§ 17-29-906 — Proceeds and expenses

Wyoming § 17-29-906

Title 17Corporations, Partnerships and Associations

Ch. 29WYOMING LIMITED LIABILITY COMPANY ACT

Art. 9ACTIONS BY MEMBERS

This text of Wyoming § 17-29-906 (Proceeds and expenses) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 17-29-906 (2026).

Text

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

(i)Any proceeds or other benefits of a derivative action under W.S. 17-29-902, whether by judgment, compromise or settlement, belong to the limited liability company and not to the plaintiff; and

(ii)If the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.

(b)If a derivative action under W.S. 17-29-902 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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(a) Except as otherwise provided in subsection (b) of this
section:
(i) Any proceeds or other benefits of a derivative
action under W.S. 17-29-902, whether by judgment, compromise or
settlement, belong to the limited liability company and not to
the plaintiff; and
(ii) If the plaintiff receives any proceeds, the
plaintiff shall remit them immediately to the company.
(b) If a derivative action under W.S. 17-29-902 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.