Texas Codifies Business Judgment Rule and Reforms Derivative Actions: Key Changes Under SB 29

06.12.25

Last month, Texas Governor Greg Abbott signed into law Senate Bill 29 (SB 29), introducing significant amendments to the Texas Business Organizations Code (TBOC).  Chief among these are the codification of the "business judgment rule" and new limitations on shareholder derivative actions. [1] The changes reflect efforts to make Texas a more business-friendly jurisdiction by... Continue Reading

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