A provision in the articles of organization or an operating agreement may eliminate or limit the monetary liability of a manager to the limited liability company or its members for breach of any duty established in section 404, except that the provision does not eliminate or limit the liability of a manager for any of the following:

    (a) The receipt of a financial benefit to which the manager is not entitled.

    (b) Liability under section 308.

    (c) A knowing violation of law.

    (d) An act or omission occurring before the date when the provision becomes effective.