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Nebraska · Through Laws 2026

Neb. Rev. Stat. § 21-29,101: Proceeds and expenses.

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Where this section sits in the code
  1. Chapter 21 - CORPORATIONS AND OTHER COMPANIES

(1) Except as otherwise provided in subsection (2) of this section:

(a) Any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited cooperative association and not to the derivative plaintiff; and

(b) If the derivative plaintiff receives any proceeds, the derivative plaintiff shall immediately remit them to the limited cooperative association.

(2) If a derivative action is successful, in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees, from the recovery of the limited cooperative association.

Collected 2026-10-18T05:55:23Z. Source file · JSON

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