(a) A member or manager may maintain an action against a limited liability company or another member or manager 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 that 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.
HISTORY: 1996 Act No. 343, Section 2; 2004 Act No. 221, Section 29.