Massachusetts General Laws ch. 156C sec. 57 – Court orders on termination of derivative suit
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Section 57. On termination of the derivative suit, the court may:
Terms Used In Massachusetts General Laws ch. 156C sec. 57
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Plaintiff: The person who files the complaint in a civil lawsuit.
(a) order the limited liability company to pay the plaintiff‘s reasonable expenses, including counsel fees, incurred in the proceeding if it finds that the suit has resulted in a substantial benefit to the limited liability company; or
(b) order the plaintiff to pay any defendant‘s reasonable expenses, including counsel fees, incurred in defending the suit if it finds that the suit was commenced or maintained without reasonable cause or for an improper purpose.