State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter21 > 21-169

21-169. Proceeds and expenses.(ULLCA 906) (a) Exceptas otherwise provided in subsection (b) of this section:(1) any proceeds or otherbenefits of a derivative action under section 21-165, whether by judgment,compromise, or settlement, belong to the limited liability company and notto the plaintiff; and(2)if the plaintiff receives any proceeds, the plaintiff shall remit them immediatelyto the company.(b)If a derivative action under section 21-165 is successful in whole or in part,the court may award the plaintiff reasonable expenses, including reasonableattorney's fees and costs, from the recovery of the limited liability company. SourceLaws 2010, LB888, § 69.Operative Date: January 1, 2011