(a) A member may maintain an action against a limited liability company, a manager, or another member for legal or equitable relief, with or without an accounting as to the company's business, to enforce all of the following:
- (1) The member's rights under the operating agreement.
- (2) The member's rights under this Act.
- (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.
(Source: P.A. 101-553, eff. 1-1-20.)