NRS 92A.500
Assessment of costs and fees in certain legal proceedings.


1.

The court in a proceeding to determine fair value shall determine all of the costs of the proceeding, including the reasonable compensation and expenses of any appraisers appointed by the court. The court shall assess the costs against the subject corporation, except that the court may assess costs against all or some of the dissenters, in amounts the court finds equitable, to the extent the court finds the dissenters acted arbitrarily, vexatiously or not in good faith in demanding payment.

2.

The court may also assess the fees and expenses of the counsel and experts for the respective parties, in amounts the court finds equitable:

(a)

Against the subject corporation and in favor of all dissenters if the court finds the subject corporation did not substantially comply with the requirements of NRS 92A.300 to 92A.500, inclusive; or

(b)

Against either the subject corporation or a dissenter in favor of any other party, if the court finds that the party against whom the fees and expenses are assessed acted arbitrarily, vexatiously or not in good faith with respect to the rights provided by NRS 92A.300 to 92A.500, inclusive.

3.

If the court finds that the services of counsel for any dissenter were of substantial benefit to other dissenters similarly situated, and that the fees for those services should not be assessed against the subject corporation, the court may award to those counsel reasonable fees to be paid out of the amounts awarded to the dissenters who were benefited.

4.

In a proceeding commenced pursuant to NRS 92A.460, the court may assess the costs against the subject corporation, except that the court may assess costs against all or some of the dissenters who are parties to the proceeding, in amounts the court finds equitable, to the extent the court finds that such parties did not act in good faith in instituting the proceeding.

5.

To the extent the subject corporation fails to make a required payment pursuant to NRS 92A.460, 92A.470 or 92A.480, the dissenter may bring a cause of action directly for the amount owed and, to the extent the dissenter prevails, is entitled to recover all expenses of the suit.

6.

This section does not preclude any party in a proceeding commenced pursuant to NRS 92A.460 or 92A.490 from applying the provisions of NRS 17.117 or N.R.C.P. 68.

Source: Section 92A.500 — Assessment of costs and fees in certain legal proceedings., https://www.­leg.­state.­nv.­us/NRS/NRS-92A.­html#NRS92ASec500.

92A.300
Definitions.
92A.305
“Beneficial stockholder” defined.
92A.310
“Corporate action” defined.
92A.315
“Dissenter” defined.
92A.320
“Fair value” defined.
92A.325
“Stockholder” defined.
92A.330
“Stockholder of record” defined.
92A.335
“Subject corporation” defined.
92A.340
Computation of interest.
92A.350
Rights of dissenting partner of domestic limited partnership.
92A.360
Rights of dissenting member of domestic limited-liability company.
92A.370
Rights of dissenting member of domestic nonprofit corporation.
92A.380
Right of stockholder to dissent from certain corporate actions and to obtain payment for shares.
92A.390
Limitations on right of dissent: Stockholders of certain classes or series
92A.400
Limitations on right of dissent: Assertion as to portions only to shares registered to stockholder
92A.410
Notification of stockholders regarding right of dissent.
92A.420
Prerequisites to demand for payment for shares.
92A.430
Dissenter’s notice: Delivery to stockholders entitled to assert rights
92A.440
Demand for payment and deposit of certificates
92A.450
Uncertificated shares: Authority to restrict transfer after demand for payment.
92A.460
Payment for shares: General requirements.
92A.470
Withholding payment for shares acquired on or after date of dissenter’s notice: General requirements.
92A.480
Dissenter’s estimate of fair value: Notification of subject corporation
92A.490
Legal proceeding to determine fair value: Duties of subject corporation
92A.500
Assessment of costs and fees in certain legal proceedings.
Last Updated

Feb. 5, 2021

§ 92A.500’s source at nv​.us