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Md. Code Ann., Corps. & Ass'ns § 4A-804

Known as the Maryland Limited Liability Company Act

The act spans §§ 4–4 (127 sections).

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.

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