Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 54-500-1005a — Oklahoma Law | CourtGPT
  1. Home/
  2. Laws/
  3. Oklahoma/
  4. Title 54 - Partnership§54-1-100. Short Title/
  5. Chapter 500/
  6. § 54-500-1005a
Oklahoma Legal Code

§ 54-500-1005a

Ask AI about this
PROCEEDS AND EXPENSES. (a) Except as otherwise provided in subsection (b) of this section:(1) any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the derivative plaintiff;(2) if the derivative plaintiff receives any proceeds, the derivative plaintiff shall immediately remit them to the limited partnership.(b) If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney fees, from the recovery of the limited partnership.Added by Laws 2010, c. 384, § 87, eff. Jan. 1, 2011.