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Massachusetts · Through amendments passed before May 31, 2026

Mass. Gen. Laws ch. 156C, § 57: Court orders on termination of derivative suit

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Where this section sits in the code
  1. Part I
  2. Title XXII
  3. Chapter 156C

Section 57. On termination of the derivative suit, the court may:

(a) order the limited liability company to pay the plaintiff's reasonable expenses, including counsel fees, incurred in the proceeding if it finds that the suit has resulted in a substantial benefit to the limited liability company; or

(b) order the plaintiff to pay any defendant's reasonable expenses, including counsel fees, incurred in defending the suit if it finds that the suit was commenced or maintained without reasonable cause or for an improper purpose.

Collected 2026-09-17T05:23:39Z. Source file · JSON

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