Actions by members

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  • (a) A member may maintain an action against a limited liability company or another member for legal or equitable relief, with or without an accounting as to the company's business, to enforce:

    • (1) the member's rights under the operating agreement;

    • (2) the member's rights under this chapter; and

    • (3) the rights and otherwise protect the interests of the member, including rights and interests arising independently of the member's relationship to the company.

  • (b) The accrual, and any time limited for the assertion, of a right of action for a remedy under this section is governed by other law. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.


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