Nebraska § 21-169 - Proceeds and expenses.
Full text of Nebraska Revised Statutes of Nebraska § 21-169 — Proceeds and expenses., with citation guidance and answers to common questions.
§ 21-169. Proceeds and expenses.
(RULLCA 906) (a) Except as otherwise provided in subsection (b) of this section:
(1) any proceeds or other benefits of a derivative action under section 21-165, whether by judgment, compromise, or settlement, belong to the limited liability company and not to the plaintiff; and
(2) if the plaintiff receives any proceeds, the plaintiff shall remit them immediately to the company.
(b) If a derivative action under section 21-165 is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney's fees and costs, from the recovery of the limited liability company.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 21-169
What does Revised Statutes of Nebraska § 21-169 cover?
Section 21-169 ("Proceeds and expenses.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. 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 Nebraska § 21-169?
A common citation format is "Revised Statutes of Nebraska § 21-169" (Nebraska). 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 Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 21-169 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska 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 Nebraska.