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, except as hereinafter provided, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees, and shall direct him to remit to the limited partnership the remainder of those proceeds received by him. On termination of the derivative action, the court may require the plaintiff to pay any defendant's reasonable expenses, including reasonable attorney's fees, incurred in defending the action if it finds that the action was commenced without reasonable cause or the plaintiff did not fairly and adequately represent the interests of the limited partners and the partnership in enforcing the right of the partnership.
Va. Code Ann. § 50-73.65
Expenses
Known as the Virginia Revised Uniform Limited Partnership Act
The act spans §§ 50–50 (105 sections).
Applied in 1 court decision — leading case Cal X-Tra v. W.V.S v. Holdings, L.L.C. (2012)
Most recently applied in Cal X-Tra v. W.V.S v. Holdings, L.L.C. (April 2012)
1985, c. 607.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.