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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>79743</law_id><section_number>13.1-1045</section_number><catch_line>Expenses</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-1099.5</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="12">Virginia Limited Liability Company Act</unit><unit label="article" level="3" order_by="1" identifier="8">Derivative Actions</unit></structure><text>
						<section><p>If a derivative action is successful, in whole or in part, or if anything is received by the <span class="dictionary">plaintiff</span> as a result of a <span class="dictionary">judgment</span>, compromise or <span class="dictionary">settlement</span> of an action or claim, except as hereinafter provided, the <span class="dictionary">court</span> may award the <span class="dictionary">plaintiff</span> reasonable expenses, including reasonable attorney&#x2019;s fees, and shall direct the <span class="dictionary">plaintiff</span> to remit to the <span class="dictionary">limited liability company</span> the remainder of those proceeds received by him or it. On termination of the derivative action, the <span class="dictionary">court</span> may require the <span class="dictionary">plaintiff</span> to pay any <span class="dictionary">defendant</span>&#x2019;s reasonable expenses, including reasonable attorney&#x2019;s fees, incurred in defending the action if it finds that the action was commenced without reasonable cause or the <span class="dictionary">plaintiff</span> did not fairly and adequately represent the <span class="dictionary">interests</span> of the <span class="dictionary">members</span> and the <span class="dictionary">limited liability company</span> in enforcing the right of the <span class="dictionary">limited liability company</span>.</p></section></text><history>1991, c. 168.</history><metadata></metadata></law>
