Any lawyer who advises clients on disputes involving corporations, LLCs, or limited partnerships needs to be aware of the significant changes that were enacted in Pennsylvania’s Act 170 on Feb. 21, 2017. Lawyers who are not aware of these changes will not only be operating at a disadvantage, they could be exposed to legal malpractice claims. This article summarizes changes in Act 170 that will have the most significant impact on commercial litigation in Pennsylvania. (The new statutory changes can be found at 15 PA.C.S. Section 101 et seq.)

Importantly, the changes in Act 170 apply retroactively to all LLCs, LLPs, corporations and GPs. I have been surprised by the number of lawyers who are unaware of these changes, and as a result, I have listed the highlights from a commercial litigator’s perspective.

Minority Owner’s Rights Expanded

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