2009 Nebraska Code
Chapter 21 CORPORATIONS AND OTHER COMPANIES
21-169 Proceeds and expenses.
21-169.
Proceeds and expenses.(ULLCA 906) (a) Except as otherwise provided in subsection (b) of this section:
(1) any proceeds or other benefits of a derivative action under section 21-165, whether by judgment, compromise, or settlement, belong to the limited liability company and not to the plaintiff; and
(2) if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.
(b) If a derivative action under section 21-165 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.
Source-
Laws 2010, LB888, ยง 69.
Operative Date: January 1, 2011
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