Nevada advanced its quest to challenge Delaware as the go-to state for incorporation on May 30, 2025, when Gov. Joe Lombardo signed significant amendments to the Nevada Revised Statutes that govern corporations there.
The amendments clarify the fiduciary duties of controlling stockholders, allow corporations to waive jury trials in their articles of incorporation, and permit certain holding company reorganizations, among other things.
The changes come as Texas also tries to position itself as an alternative to Delaware. Texas Gov. Greg Abbott signed a similar slate of bills last month intended to make Texas the preferred state for incorporation. Responding to an exodus of companies, Delaware has sought to enact its own reforms—though they are being challenged in the Court of Chancery.
