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Illinois · Through at least Public Act 104-790

805 ILCS 180/15-20: Actions by members.

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Where this section sits in the code
  1. CHAPTER 805 BUSINESS ORGANIZATIONS
  2. Limited Liability Company Act.

(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.

Collected 2026-09-15T04:46:47Z. Source file · JSON

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