Texas Creates New System of Specialty Trial Courts for
Texas has created a new system of specialty trial courts known as Business Courts to hear significant business-related disputes as well as a special intermediate court of appeals to hear appeals from the Business Courts.
The Business Courts will initially be in Texas’ major metropolitan areas, with the expectation that the Texas Legislature will go on to create Business Courts for the rest of the state.
Texas Business Courts
The Business Courts are designed to handle a wide range of commercial disputes, including contract disputes, fiduciary duty claims, and other corporate governance issues.
“By creating a dedicated venue for these cases, the Legislature sought to expedite proceedings, enhance judicial expertise, deliver more predictable outcomes for business disputes, and attract more businesses to Texas by offering a favorable environment for resolving commercial disputes,” writes noted Texas attorney Byron Egan in Special Commentary included in the 2023 Edition of Texas Laws Governing Business Entities Annotated. “Any challenges to the constitutionality of the Business Courts will be decided by the Texas Supreme Court, which has been given exclusive and original jurisdiction over any such disputes.”
Texas Laws Governing Business Entities Annotated
Texas Laws Governing Business Entities Annotated is CSC’s comprehensive collection of Texas business organization statutes and case law. The 2023 edition is current through the 2023 Texas legislative session, with 60 newly enacted or amended sections. The Table of Sections Affected lists changes, and a summary of legislative activity, also prepared by Mr. Egan, a partner of Jackson Walker L.L.P and author of Egan on Entities: Corporations, Partnerships and Limited Liability Companies in Texas, provides an overview of new and amended business entity law.
More than 150 new case notes have been added since the last edition, as well as six full-text Texas cases covering recent legal developments regarding formation of a partnership. alter ego doctrine, inspection of records, corporate agents, LLC distributions, and LLC members. The Table of New Annotations lists new case notes, and gray bars in the body of the book indicate new notes.
New cases, listed in the book’s Table of New Annotations, provide business attorneys advising Texas entities with insight regarding how courts interpret the state’s business laws. New case notes are marked with a gray bar for fast identification.
Users have online access to more than 70 recently updated business entity forms for incorporation/formation, qualification, mergers, dissolution, and name reservation for all Texas entity types via the LexisNexis Bookstore download center. A listing of forms and contact information for Texas’s Division of Revenue, Business Services, can be found in the book’s appendix. There’s also an up-to-date Texas Fee Schedule showing required fees for business filings with the Secretary of State.
The 2023 Edition of Texas Laws Governing Business Entities Annotated is available as a softbound book or eBook, compatible with dedicated e-reader devices, computers, tablets and smartphones that use e-reader software or applications. It’s also available on the LexisNexis® Digital Library.