2010 Georgia Code 14-3-746 Case Law
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One Click Case Law for § 14-3-746
O.C.G.A. § 14-3-745 <-- --> O.C.G.A. §14-3-747



2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 3 - NONPROFIT CORPORATIONS
ARTICLE 7 - MEETINGS
PART 4 - DERIVATIVE PROCEEDINGS
§ 14-3-746 - Payment of expenses of proceeding

O.C.G.A. 14-3-746 (2010)
14-3-746. Payment of expenses of proceeding


On termination of the derivative proceeding the court may:

(1) Order the corporation to pay the plaintiff's reasonable expenses (including attorneys' fees) incurred in the proceeding if it finds that the proceeding has resulted in a substantial benefit to the corporation; or

(2) Order the plaintiff to pay any defendant's reasonable expenses (including attorneys' fees) incurred in defending the proceeding if it finds that the proceeding was commenced or maintained without reasonable cause or for an improper purpose.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com