Indiana § 23-16-11-4 - Expenses
Full text of Indiana Indiana Code § 23-16-11-4 — Expenses, with citation guidance and answers to common questions.
§ 23-16-11-4. Expenses
Sec. 4. (a) If a derivative action under this chapter 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 the plaintiff to remit to the limited partnership the remainder of those proceeds received by the plaintiff.
(b) If the plaintiff is awarded damages in an action under this chapter, the court shall make the award of reasonable expenses payable out of the plaintiff's total award and direct the plaintiff to remit the balance of the total award to the limited partnership. However, if the damages awarded to the plaintiff are insufficient to reimburse the plaintiff's reasonable expenses, the court may direct that part or all of the plaintiff's award of reasonable expenses be paid by the limited partnership.
As added by P.L.147-1988, SEC.1.
IC 23-16-12Chapter 12. Miscellaneous
23-16-12-1Construction and application of article 23-16-12-2Applicability of article to domestic and foreign limited partnerships after effective date and after repeal of antecedent provisions 23-16-12-3Rules for cases not provided for in this article 23-16-12-4Repealed 23-16-12-5Repealed 23-16-12-5.1Repealed 23-16-12-6Repealed 23-16-12-7Repealed
Frequently Asked Questions About Indiana § 23-16-11-4
What does Indiana Code § 23-16-11-4 cover?
Section 23-16-11-4 ("Expenses") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 23-16-11-4?
A common citation format is "Indiana Code § 23-16-11-4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 23-16-11-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.