The Texas Legislature recently has taken Texas-sized steps intended to make the state a more attractive place for companies to form, reincorporate, or relocate, further advancing Texas’s efforts to rival Delaware as a destination for incorporation. In particular, Texas passed three laws—Senate Bill 29 (“SB 29”), Senate Bill 2411 (“SB 2411”), and Senate Bill 1057 (“SB 1057”)—that offer protections and benefits for businesses that are comparable to, and in certain respects exceed, those available under Delaware’s General Corporation Law (“DGCL”).
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