N.D. Cent. Code § 10-32.1-38

10-32.1-38. Proceeds and expenses

Year: 2026Length: 98 wordsOfficial source
10-32.1-38. Proceeds and expenses 1. Except as otherwise provided in subsection 2: a. Any proceeds or other benefits of a derivative action under section 10-32.1-34, whether by judgment, compromise, or settlement, belong to the limited liability company and not to the plaintiff; and b. If the plaintiff receives any proceeds, then the plaintiff shall remit them immediately to the company. 2. If a derivative action under section 10-32.1-34 is successful in whole or in part, then the court may award the plaintiff reasonable expenses, including reasonable attorney fees and costs, from the recovery of the limited liability company.
N.D. Cent. Code § 10-32.1-38: 10-32.1-38. Proceeds and expenses | Justis AI