Texas Political Earthquake Shakes Up Corporate Law, DExit Debate

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For nearly three years, Texas has marketed “Y’all Street” to corporate leaders as a stable alternative to Delaware’s messy body of judge-made law. The sales pitch just got more complicated.

The midterm electoral earthquake handed the governor’s mansion and one legislative chamber to Texas Democrats for the first time in a quarter-century. A GOP that’s dominated state politics since 2002, meanwhile, lost 21 of 21 contested appellate judgeships, including all three on the tribunal overseeing the new Texas Business Court.

Gov.-Elect Gina Hinojosa now has the chance to reshape a corporate culture built to attract founders like Elon Musk, …

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