Md. Code, Corporations and Associations § 4A-804
This is the official text of Md. Code, Corporations and Associations § 4A-804, part of Maryland’s Code, Corporations and Associations — governs the formation and operation of corporations, LLCs, and partnerships.
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§4A–804.
Official statutory text
If a derivative action is successful, in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise, or settlement of an action or claim, the court:
(1) May award the plaintiff reasonable expenses, including reasonable attorney’s fees; and
(2) Shall direct the plaintiff to remit to the limited liability company the remainder of those proceeds.
(1) May award the plaintiff reasonable expenses, including reasonable attorney’s fees; and
(2) Shall direct the plaintiff to remit to the limited liability company the remainder of those proceeds.
Status: in_force · Read it on the official government site
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