The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
010
:
DERIVATIVE ACTIONS
(Cite as: 11 V.S.A. § 3494)
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§ 3494. 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 an action
or claim, the court may award the plaintiff reasonable expenses, including reasonable
attorney’s fees, and shall direct him or her to remit to the limited partnership the
remainder of those proceeds received by him or her. (Added 1997, No. 149 (Adj. Sess.), § 4, eff. Jan. 1, 1999.)