{"data":{"id":"us-dc/d.c.-code-29-709.05","jurisdiction":"us-dc","citation":"D.C. Code § 29-709.05","heading":"Proceeds and expenses.","body":"(a)\nExcept as otherwise provided in subsection (b) of this section:\n(1)\nAny proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, shall belong to the limited partnership and not to the derivative plaintiff;\n(2)\nIf the derivative plaintiff receives any proceeds, the derivative plaintiff shall immediately remit them to the limited partnership.\n\n(b)\nIf a derivative action is successful in whole or in part, the Superior Court may award the plaintiff reasonable expenses, including reasonable attorneys’ fees, from the recovery of the limited partnership.\n\n(c)\nA derivative action on behalf of a limited partnership may not be voluntarily dismissed or settled without the Superior Court’s approval.","path":["Title 29. Business Organizations. [Enacted title]","Chapter 7. Limited Partnerships.","Subchapter IX. Actions by Partners."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/29-709.05","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"4bbcab5a58ce0d871fc0f0c052c10f27f977ff840b4186fb41f74e4750f2251a","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-29-709.04","next":"us-dc/d.c.-code-29-709.06"},"notice":"GroundRules: Original legal text. Not legal advice."}