Section 550.1210 Action by Member; Reasonable Expenses; Attorney's Fees.

MI Comp L § 550.1210 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

Sec. 210.

(1) If an action brought in the right of the corporation is successful, in whole or in part, or if anything is received by the plaintiff or a claimant as a result of a judgment, compromise, or settlement of an action or claim, the court may award the plaintiff or claimant reasonable expenses, including reasonable attorney's fees, and shall direct him or her to account to the corporation for the remainder of the proceeds so received by him or her. This section does not apply to a judgment rendered for the benefit of an injured corporate body member only and limited to a recovery of the loss or damage sustained by him or her.

(2) In an action brought in the right of the corporation by a member of the corporate body, the court having jurisdiction, upon final judgment and finding that the action was brought without reasonable cause, may require the plaintiff to pay to the parties named as defendants the reasonable expenses, including fees of attorneys, incurred by them in the defense of the action.

History: 1980, Act 350, Eff. Apr. 3, 1981 Popular Name: Blue Cross-Blue ShieldPopular Name: Act 350

Previous Section

Section 550.1209 Action by Member; Discontinuance, Compromise, or Settlement; Notice; Expense.

Next Section

Section 550.1211 Administrative Services Only and Cost-Plus Arrangements; Service Contracts; Fees; Administrative Costs; Marketing Policy; Notice; Coverage, Rights, and Obligations Under Collective Bargaining Agreement; Liability of Individual; Report; “Noninsured Benefit Plan” Defined.