Vermont Code § 11 V.S.A. § 4136

Proceeds and expenses
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§ 4136. Proceeds and expenses
(a) Except as otherwise provided in subsection (b) of this section:
(1) any proceeds or other benefits of a derivative action, 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 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.
(c) A derivative action on behalf of a limited liability company may not be voluntarily
dismissed or settled without the approval of the court.

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