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2023 Maryland Statutes
Corporations and Associations
Title 4A - Limited Liability Company Act
Subtitle 8 - Derivative Actions
Section 4A-804 - Expenses
Universal Citation:
MD Corporations and Associations Code § 4A-804 (2023)
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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.
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