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Wisconsin · Through 2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)

Wis. Stat. § 179.0906: Proceeds and expenses.

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Where this section sits in the code
  1. Chs. 178-226, Partnerships and Corporations; Transportation; Utilities; Banks; Savings Associations
  2. Chapter 179 Uniform Limited Partnership Law
  3. SUBCHAPTER IX ACTIONS BY PARTNERS

(1)

(a) Except as otherwise provided in sub. (2), any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the plaintiff.

(b) Except as otherwise provided in sub. (2), if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the partnership.

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

Collected 2026-09-05T12:01:01Z. Source file · JSON

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