Alaska Statutes 10.15.210 – Security for costs
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 10.15.210
- action: includes any matter or proceeding in a court, civil or criminal. See Alaska Statutes 01.10.060
- cooperative: means a cooperative corporation subject to the provisions of this chapter. See Alaska Statutes 10.15.595
- court: means superior court. See Alaska Statutes 10.15.595
- Plaintiff: The person who files the complaint in a civil lawsuit.
In an action brought in the right of a cooperative by fewer than three percent of the members or by holders of less than three percent of an outstanding class of stock, the defendants may require the plaintiff to give security for the reasonable expenses of defending the action, including attorney fees. The amount of the security may be increased or decreased in the discretion of the court upon showing that the security provided is or may be inadequate or is excessive.