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The Florida Senate

2004 Florida Statutes

Section 620.166, Florida Statutes 2004

620.166  Derivative action; expenses.--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 any such action or claim, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees. If anything is so received by the plaintiff, the court shall make such award of plaintiff's expenses payable out of those proceeds and direct the plaintiff to remit to the limited partnership the remainder thereof and, if those proceeds are insufficient to reimburse plaintiff's reasonable expenses, the court may direct that any such award of plaintiff's expenses or a portion thereof be paid by the limited partnership.

History.--s. 54, ch. 86-263.