§ 4A–804
Statutes in effect as of October 1, 2026.
Md. Code Ann., Corps. & Ass'ns § 4A-804 (2026)
Title 4A. Limited Liability Company Act
Subtitle 8. Derivative Actions
§ 4A–804LinkCopy Citation
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 an action or claim, the court:
(1)
May award the plaintiff reasonable expenses, including reasonable attorney’s fees; and
(2)
Shall direct the plaintiff to remit to the limited liability company the remainder of those proceeds.