Simpson Thacher Attorneys Author Article on Amendments to Texas Business Organizations Code
05.23.25
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Partners Stephen Blake, Josh Bonnie, Christopher May and Daniel McEntee authored an article titled, “Texas Adopts Significant Amendments to the Texas Business Organizations Code,” which was published by Thomson Reuters Westlaw. The article discussed recent amendments to the Texas Business Organizations Code, which follow on the heels of the formation of the Texas Business Court, a specialized trial court created to resolve certain complex business disputes. It further detailed the notable amendments, including codification of the business judgment rule in Texas, provisions to limit derivative lawsuits to material shareholders, and elements to empower boards of directors of publicly traded Texas corporations to form “special committees” to review and approve conflicted transactions, among others.
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