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Section 14-3-746 - Payment of expenses of proceeding — Georgia Law | CourtGPT
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  3. Georgia/
  4. Title 14 - Corporations, Partnerships, and Associations/
  5. Chapter 3 - Nonprofit Corporations/
  6. Article 7a - Derivative Proceedings/
  7. Section 14-3-746 - Payment of expenses of proceeding
Georgia Legal Code

Section 14-3-746 - Payment of expenses of proceeding

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On termination of the derivative proceeding the court may:(1) Order the corporation to pay the plaintiff's reasonable expenses (including attorney's fees) incurred in the proceeding if it finds that the proceeding has resulted in a substantial benefit to the corporation; or(2) Order the plaintiff to pay any defendant's reasonable expenses (including attorney's fees) incurred in defending the proceeding if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose.Amended by 2023 Ga. Laws 260,§ 1-1, eff. 7/1/2023.