Miss. Code § 79-29-1113

Current through the 2024 Regular Session
Section 79-29-1113 - Payment of expenses
(1) If a derivative action is successful, in whole or in part, as a result of a judgment, compromise or settlement of any such action, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees, from any recovery in any such action or from a limited liability company.
(2) On termination of the derivative proceeding the court may order the plaintiff to pay any defendant's reasonable expenses, including reasonable attorney's fees, incurred in defending the proceeding if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose.

Miss. Code § 79-29-1113

Laws, 2010, ch. 532, § 1, eff. 1/1/2011.