Montana § 35-8-410 Actions By Members

Montana Statutes

§ 35-8-410 — Actions By Members

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 8 MONTANA LIMITED LIABILITY COMPANY ACT·Part 4 Rights and Duties of Members and Managers

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.

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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.

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