{"data":{"id":"us-al/ala.-code-10a-2a-7.47","jurisdiction":"us-al","citation":"Ala. Code § 10A-2A-7.47","heading":"Proceeds and Expenses.","body":"(a) Except as otherwise provided in subsection (b):\n(1) any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the corporation and not to the derivative plaintiff; and\n(2) if the derivative plaintiff receives any proceeds, the derivative plaintiff shall immediately remit them to the corporation.\n(b) 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 corporation.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 2A Alabama Business Corporation Law.","Article 7 Stockholders.","Division D Derivative Proceedings."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-2A-7.47","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"660ab92d141e387d47627e1f07fa8a0d186dea3a5d01d0898d78bb31e3a45144","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-2a-7.46","next":"us-al/ala.-code-10a-2a-7.48"},"notice":"GroundRules: Original legal text. Not legal advice."}