153.411 – PAYMENT OF EXPENSES. (a) In this section,
Texas Business Organizations Code § 153.411
Summary
This law allows for the reimbursement of reasonable expenses incurred by a party in a derivative proceeding, including attorney's fees and investigation costs. It applies to limited partnerships and outlines the court's authority to order payment of these expenses upon the termination of the proceeding.
Defines 'expenses' related to derivative proceedings.
Allows court-ordered payment of expenses by limited partnerships.
Covers attorney's fees and investigation costs.
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In simple terms: Learn about Texas's PAYMENT OF EXPENSES. (a) In this section, law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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