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ARTICLE · 24 JULY 2025

Texas Business Organizations Code: Key Amendments Under SB 29

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On May 14, 2025, Gov. Greg Abbott signed Senate Bill 29 (SB 29) into law, which seeks to modernize the Texas Business Organizations Code (TBOC) and encourage businesses to incorporate or redomicile in Texas.

United StatesCorporate/Commercial Law
Elizabeth Ross Hadley
Elizabeth Ross Hadley
John T. Holland
John T. Holland
Christopher M. LaVigne
Christopher M. LaVigne
Thomas Woolsey
Thomas Woolsey
Sergio Cavazos
Sergio Cavazos

Texas is open for business, and Senate Bill 29 has made it more attractive for corporations to choose Texas as their corporate home

On May 14, 2025, Gov. Greg Abbott signed Senate Bill 29 (SB 29) into law, which seeks to modernize the Texas Business Organizations Code (TBOC) and encourage businesses to incorporate or redomicile in Texas. SB 29 makes several changes to existing laws impacting corporations, limited partnerships, and limited liability companies by enhancing liability protections, streamlining corporate governance, and establishing heightened thresholds for derivative proceedings. SB 29 took effect immediately upon its signing by Gov. Abbott, and this GT Alert outlines its key provisions.

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