35-8-410. Actions by members. (1) 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:
(a) the member's rights under the operating agreement;
(b) the member's rights under this chapter; or
(c) the rights and otherwise protect the interests of the member, including rights and interests arising independently of the member's relationship to the company.
(2) The accrual of a right of action under this section and any time limits for asserting the right of action for a remedy under this section are governed by the laws of this state. A right to an accounting upon a dissolution and winding up does not revive a claim barred by law.
History: En. Sec. 19, Ch. 302, L. 1999.