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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 47-14A-75: Costs and attorney's fees of successful derivative action.

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Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. CHAPTER 47-14A. SOUTH DAKOTA BUSINESS TRUST ACT

If a derivative action is successful, in whole or in part, or if anything is received by a business trust 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. If anything is so received by the plaintiff, the court shall make such award of plaintiff's expenses payable out of those proceeds and direct plaintiff to remit to the business trust the remainder thereof, and if those proceeds are insufficient to reimburse plaintiff's reasonable expenses, the court may direct that any such award of plaintiff's expenses or a portion thereof be paid by the business trust.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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