\u201cIf Texas builds it, companies will come,\u201d he said at the second annual Corporate Law Symposium hosted by the Texas A&M School of Law at the Federal Reserve Bank of Dallas<\/a>. <\/p>\n Related<\/p>\n In a speech that also debuted potential changes to corporate disclosures<\/a>, Atkins praised efforts by the Texas legislature that have created the state\u2019s Business Court in 2023<\/a>. Then, Texas gave it a leg-up against other regions experimenting with business-friendly <\/a>reforms in an effort to counter Delaware\u2019s influence<\/a> over Corporate America. <\/p>\n Business Briefing<\/p>\n By signing up, you agree to our\u00a0Terms of Service<\/a>\u00a0and\u00a0Privacy Policy.<\/a><\/p>\n He specifically called out Senate Bill 29, which codified the business judgement rule<\/a> and provided certain protections against shareholder suits. <\/p>\n Texas efforts are specifically designed to court re-incorporations in the Lone Star State, and challenge the Delaware Chancery Court, the preeminent business court for over a century. <\/p>\n Federal Reserve Bank of Dallas photographed, on Wednesday, Jan. 14, 2026 in Dallas. <\/p>\n Shafkat Anowar \/ Staff Photographer<\/p>\n \u2018Texas has begun to build something\u2019<\/p>\n As several high-profile companies have redomiciled in Texas<\/a> \u2015 including Coinbase, Dilliard\u2019s, Tesla and SpaceX \u2015 the trend dubbed \u201cDexit\u201d is a growing threat, although one with limited immediate impact.<\/p>\n While hard to measure definitively, movement out of Delaware in 2025 was somewhere in the low double digits, with Nevada also a beneficiary. <\/p>\n Concerns about reincorporating in Texas include the lack of history and case law, and the limitations of the Texas Business Court, which, among other symptoms of its youth, does not yet have dedicated court rooms or physical infrastructure. <\/p>\n Meanwhile, two-thirds of the Fortune 500 is still domiciled in Delaware, mostly thanks to its decades of case law that provide corporations a degree of certainty in how legal questions will be answered. <\/p>\n Still, Atkins pointed out that the competition from Texas and others itself is beneficial for the health of the U.S.\u2019s capital markets. As pushback has grown against decisions from the Chancery Court<\/a>, initiatives from other states can both give companies another option and incentivize Delaware to modernize.<\/p>\n \u201cTexas has begun to build something that could offer an interesting alternative to Delaware, through a framework designed to attract companies with shareholders who are eager to get back to basics, with less politicization, abusive litigation, and overall drama,\u201d Atkins said.<\/p>\n \u201cCompetition does not pause for tradition, nor does it defer to incumbency. Over time, it compels systems, and states, to adapt\u2014or to yield. Through competition, good ideas spread, poor ones fade, and the system itself grows stronger,” he added. <\/p>\n As Atkins walked through several proposed changes to corporate disclosures governed by Regulation S-K \u2014 spanning executive pay, risk disclosure and more \u2014 he emphasized the need for intra-state competition as a way to innovate the balance between shareholder and corporate interests in regulation.<\/p>\n![\"Paul](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/02\/HD72557SAWRZKVVU6EPFI25H4I.jpg\")
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