NRS 87A.680: Proceeds and expenses.
Where this section sits in the code
- TITLE 7 — BUSINESS ASSOCIATIONS; SECURITIES; COMMODITIES
- CHAPTER 87A - UNIFORM LIMITED PARTNERSHIP ACT (2001)
- MISCELLANEOUS PROVISIONS
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.
(b) If the derivative plaintiff receives any proceeds, the derivative plaintiff shall immediately remit them to the limited partnership.
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 partnership.
Collected 2026-09-03T05:51:31Z. Source file · JSON