2015 District of Columbia Code
Division V - Local Business Affairs.
Title 29 - Business Organizations.
Chapter 8 - Limited Liability Companies.
Subchapter VIII - Actions by Members.
§ 29-808.06. Proceeds and expenses.
(a) Except as otherwise provided in subsection (b) of this section:
(1) Any proceeds or other benefits of a derivative action under § 29-808.02, 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 § 29-808.02 is successful in whole or in part, the Superior Court may award the plaintiff reasonable expenses, including reasonable attorney's fees and costs, from the recovery of the limited liability company.
(c) A derivative action on behalf of a limited partnership may not be voluntarily dismissed or settled without the Superior Court's approval.
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