> State officials are eager to supplant Delaware as America’s corporate-law hub. In 2024 they established the Texas Business Court, presided over by expert judges capable of handling even the most complex disputes. Last year the state also introduced a measure to allow firms to prevent shareholders with a stake of less than 3% from suing them, and another to let only large shareholders put forward proxy proposals.

Interesting, hadn’t heard. I can’t wait to see where this goes.

Working with regulators is a terrible experience. I hope they can fix this as well.

Texas saw "one share one vote" and thought "that isn't exclusionary enough, we should disenfranchise retail shareholders altogether".