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Mass. Gen. Laws ch. 156C, § 57

Court orders on termination of derivative suit

Known as the Massachusetts Limited Liability Company Act

The act spans §§ 156C-1 to 156C-9 (73 sections).

On termination of the derivative suit, the court may:

(a) order the limited liability company to pay the plaintiff's reasonable expenses, including counsel fees, incurred in the proceeding if it finds that the suit has resulted in a substantial benefit to the limited liability company; or

(b) order the plaintiff to pay any defendant's reasonable expenses, including counsel fees, incurred in defending the suit if it finds that the suit was commenced or maintained without reasonable cause or for an improper purpose.

Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.