35-8-410: Actions by members.
Where this section sits in the code
- TITLE 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
- CHAPTER 8. MONTANA LIMITED LIABILITY COMPANY ACT
- Part 4. Rights and Duties of Members and Managers
(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.
Collected 2026-09-14T04:53:16Z. Source file · JSON