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North Dakota · Through 2026-07-31T11:12:02

N.D. Cent. Code § 45-10.2-93: (1005) Proceeds and expenses

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Where this section sits in the code
  1. Title 45 Partnerships
  2. Chapter 45-10.2 Uniform Limited Partnership Act

1.Except as otherwise provided in subsection 2:

a.Any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the derivative plaintiff; and

b.If the derivative plaintiff receives any proceeds, then the derivative plaintiff shall immediately remit them to the limited partnership.

2.If a derivative action is successful in whole or in part, then the court may award the plaintiff reasonable expenses, including reasonable fees for services of an attorney, from the recovery of the limited partnership.

Collected 2026-09-02T21:04:14Z. Source file · JSON

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