Mich. Comp. Laws § 449.2005
Awarding expenses to plaintiff in successful derivative action; remittance to limited partnership of remainder of proceeds; exception; action brought without reasonable cause; payment of defendants' expenses by plaintiff.
Michigan · Michigan Compiled Laws — MICHIGAN REVISED UNIFORM LIMITED PARTNERSHIP ACT (Act 213 of 1982) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 449.2005, Awarding expenses to plaintiff in successful derivative action; remittance to limited partnership of remainder of proceeds; exception; action brought without reasonable cause; payment of defendants' expenses by plaintiff, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363410
- Permanent ID
ys:prov:1363410@1- SHA-256
754b29bc9b858647e62fb20c534cd131b142b3ff10d21a3f50eaf1d5321de8a2
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) 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 may award the plaintiff reasonable expenses, including reasonable attorneys' fees, and shall direct the plaintiff to remit to the limited partnership the remainder of those proceeds received by him or her. This subsection does not apply to a judgment rendered for the benefit of an injured limited partner only and limited to a recovery of the loss or damage sustained by him or her.
(b) In an action brought in the right of the limited partnership by a limited partner of the limited partnership, the court having jurisdiction, upon final judgment and finding that the action was brought without reasonable cause, may require the plaintiff to pay to the parties named as defendants the reasonable expenses, including fees of attorneys, incurred by them in the defense of the action.