2016 Iowa Code
Title XII - BUSINESS ENTITIES
Chapter 490 - BUSINESS CORPORATIONS
Section 490.746 - Payment of expenses.
490.746
Payment of expenses.
On termination of the derivative proceeding, the court may do any of the following:
1. Order the corporation to pay the plaintiff’s expenses incurred in the proceeding, if it finds that the proceeding has resulted in a substantial benefit to the corporation.
2. Order the plaintiff to pay any defendant’s expenses incurred in defending the proceeding, if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose.
2002 Acts, ch 1154, §29, 125; 2013 Acts, ch 31, §22, 82
Referred to in §490.747
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