Va. Code § 13.1-672.5: Payment of and security for expenses
Where this section sits in the code
- Title 13.1. Corporations
- Chapter 9. Virginia Stock Corporation Act
- Article 8.1. Derivative Proceedings and Other Shareholder Actions
On termination of a derivative proceeding, the court may:1. Order the corporation to pay the plaintiff's expenses incurred in the proceeding if it finds that the proceeding has resulted in a substantial benefit to the corporation; or2. Order the plaintiff or the plaintiff's attorney to pay the corporation's or any defendant's expenses incurred in defending the proceeding if it finds that the proceeding was commenced or maintained arbitrarily, vexatiously, or not in good faith.1992, c. 802; 1993, c. 233; 2019, c. 734.
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