A stopped clock is right twice a day, and State Senator Bryan Townsend has finally gotten something right with Senate Bill 21. This legislation moves to protect Delaware’s status as the nation’s corporate capital by providing legal clarity and shielding companies from frivolous lawsuits. More than 20% of Delaware’s state budget comes from corporate fees—if companies leave, the financial fallout would be devastating for every citizen. And, of course, if we didn’t live in a One-Party State ruled by Liberal Democrats who appoint activist judges, none of this would be necessary.
Delaware aims to remain top US corporate legal home; Texas marshals a challenge
A year after Elon Musk urged U.S. companies to abandon Delaware as their legal home and follow Tesla to Texas, legislators in the two states on Wednesday considered bills in an unusual battle over corporate law that critics say benefits powerful shareholders.