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Form a Business

Expenses.

O.C.G.A. § 14-9-1004
in effect
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14-9-1004. 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 attorneys' fees, and shall direct him or her to remit to the limited partnership the remainder of those proceeds received by him or her; provided, however, that the court shall not award plaintiffs reasonable expenses and attorneys' fees if the sole relief received by the plaintiff as a result of a judgment, compromise, or settlement of an action or claim is additional or amended disclosures made to the partners, regardless of materiality. (Code 1981, § 14-9-1004, enacted by Ga. L. 1988, p. 1016, § 1.) (Amended by Ga. L. 2026, Act 460 (HB 1185), eff. July 1, 2026.)
Source: Official Code of Georgia (Legislative Counsel's copy via Public.Resource.Org) + acts (legis.ga.gov)URL: https://www.legis.ga.gov/api/legislation/document/20252026/248645Fetched: 10/24/2026

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