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2015 Vermont Statutes
Title 11 - Corporations, Partnerships and Associations
Chapter 21 - Limited Liability Companies
Subchapter 11: DERIVATIVE ACTIONS
§ 3154 Expenses

11 V.S.A. § 3154 What's This?

[Section 3154 repealed effective July 1, 2016.]

§ 3154. Expenses

If a derivative action for a limited liability company 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 may award the plaintiff reasonable expenses, including reasonable attorney's fees, and shall direct the plaintiff to remit to the limited liability company the remainder of the proceeds received. (Added 1995, No. 179 (Adj. Sess.), § 4.)

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