Chris Rowley

Vinson & Elkins LLP

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Actions for Corporations to Obtain the Benefits of Amendments to the Texas Business Organizations Code

On May 14, 2025, Texas Governor Abbott signed Senate Bill 29 (“S.B. 29”) into law, significantly reforming the Texas Business Organizations Code (“TBOC”) to promote Texas as a preferred state of incorporation for both public...more

5/19/2025 / Board of Directors , Business Entities , Business Judgment Rule , Corporate Governance , Derivative Suit , Fiduciary Duty , New Legislation , Shareholder Litigation , Shareholders , Texas

Should You Consider Texas as Your Jurisdiction for a U. S. Corporation?

In the United States, companies can incorporate in any state of their choosing, regardless of where the company is headquartered or operates. The corporate law of the selected state will govern the internal affairs of the...more

3/18/2025 / Business Entities , Corporate Governance , Delaware General Corporation Law , Incorporation , Jurisdiction , State and Local Government , Texas

Another Magnificent Seven Contemplates Texas: Will Meta Pursue Re-Domiciling in Texas After the Tripadvisor Decision?

The Wall Street Journal reported on January 31, 2025, that Meta Platforms Inc. (formerly Facebook) (NASDAQ: META) was considering a change of its state of incorporation from Delaware to Texas. Shortly afterward, the Delaware...more

2/13/2025 / Board of Directors , Business Entities , Business Litigation , Corporate Governance , Corporate Restructuring , Delaware , Domicile , Fiduciary Duty , Shareholders , State and Local Government

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