Arizona Laws 29-3807. Other remedies in direct and derivative actions
The court, in its discretion, at any stage in a direct or derivative proceeding, may:
Terms Used In Arizona Laws 29-3807
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Plaintiff: The person who files the complaint in a civil lawsuit.
1. Treat a direct action as a derivative action subject to, or exempt from, any provisions of this article the court chooses and order recovery to be paid to the limited liability company if the court finds that doing so is reasonably necessary to avoid any of the following:
(a) Unfairly exposing the company or the defendants to a multiplicity of actions.
(b) Materially adversely affecting the interests of the company’s creditors.
(c) Interfering with a fair distribution of any recovery among interested persons.
2. Treat a derivative action as a direct action subject to, or exempt from, any provisions of this article the court chooses and order recovery to be paid to the plaintiff if the court finds that justice so requires.