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 shall direct the plaintiff to remit to the limited partnership the remainder of those proceeds received by the plaintiff. The court may award reasonable attorney fees to the prevailing party in a derivative action.
ORS 70.415
Known as the Uniform Limited Partnership Act
The act spans §§ 70–70 (90 sections).
Applied in 1 court decision — leading case Hawkins v. 1000 Ltd. Partnership (2016)
Most recently applied in Hawkins v. 1000 Ltd. Partnership (December 2016)
1985 c.677 §60; 1995 c.618 §43
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.