{"code":"CORP","codeName":"Corporations Code","section":"15910.05","citation":"Corp. Code, § 15910.05","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 2. PARTNERSHIPS [15800. - 16962.]","url":"https://blackletter.si/corporations-code/title-2"},{"name":"CHAPTER 4.5. Uniform Limited Partnership Act of 2008 [15900. - 15912.07.]","url":"https://blackletter.si/corporations-code/title-2/chapter-4.5"},{"name":"ARTICLE 10. Actions by Partners [15910.01. - 15910.06.]","url":"https://blackletter.si/corporations-code/title-2/chapter-4.5/article-10"}],"history":"Added by Stats. 2006, Ch. 495, Sec. 20.   Effective January 1, 2007.   Section operative January 1, 2008, pursuant to Section 15912.04.","effective":"2007-01-01","html":"<p>(a) Except as otherwise provided in subdivision (b):</p><p>(1) any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the derivative plaintiff;</p><p>(2) if the derivative plaintiff receives any of those proceeds, the derivative plaintiff shall immediately remit them to the limited partnership.</p><p>(b) If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney’s fees, from the recovery of the limited partnership.</p>","text":"(a) Except as otherwise provided in subdivision (b): (1) any proceeds or other benefits of a derivative action, whether by judgment, compromise, or settlement, belong to the limited partnership and not to the derivative plaintiff; (2) if the derivative plaintiff receives any of those proceeds, the derivative plaintiff shall immediately remit them to the limited partnership. (b) If a derivative action is successful in whole or in part, the court may award the plaintiff reasonable expenses, including reasonable attorney’s fees, from the recovery of the limited partnership.","otherVersions":[],"url":"https://blackletter.si/corporations-code/actions-by-partners-15910-05","source":"California Legislative Information bulk export (pubinfo)"}