OWM Newsletter – Recent, Significant Amendments to Pennsylvania Law of Limited Liability Companies

In November 2016, and effective February 21, 2017, Pennsylvania Governor Wolf signed Act 170. That act amends Title 15, Corporations and Unincorporated Associations, the latter of which include limited liability companies. The amendment brings Pennsylvania law closer in line with the Uniform Act promulgated by the Uniform Law Commission. The act also enables the creation of nonprofit limited liability companies, previously restricted to corporations.

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