Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 61-2-1004 - Award of expenses — Tennessee Law | CourtGPT
  1. Home/
  2. Laws/
  3. Tennessee/
  4. Title 61 - Partnerships/
  5. Chapter 2 - Revised Uniform Limited Partnership Act/
  6. Part 10 - Derivative Actions/
  7. Section 61-2-1004 - Award of expenses
Tennessee Legal Code

Section 61-2-1004 - Award of expenses

Ask AI about this
If a derivative action is successful in whole or in part, or if anything is received by the plaintiff as a result of a judgment, compromise or settlement of any such action, the court may award the plaintiff reasonable expenses, including reasonable attorneys' fees. If anything is so received by the plaintiff, the court shall make such award of plaintiff's expenses payable out of those proceeds and direct plaintiff to remit to the limited partnership the remainder thereof, and if those proceeds are insufficient to reimburse plaintiff's reasonable expenses, the court may direct that any such award of plaintiff's expenses or portion thereof be paid by the limited partnership.Acts 1988, ch. 922, § 1.