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[Delaware Senate Passes Bill To Amend Corporate Law Amidst Reincorporation Concerns] Following Elon Musk's Decision To Move Tesla And Spacex's Incorporation From Delaware To Texas After A Court Ruling Against His $55 Billion Compensation Package, Delaware's Senate Unanimously Passed A Bill To Amend Its Corporate Law Structure To Maintain Its Business-friendly Environment. The Bill, Now Headed To The House, Aims To Ensure Predictable Dealings Between Corporate Leaders And Major Shareholders. While Not Retroactive, The Move Addresses Concerns Raised By Musk And Other Companies Like Pershing Square Capital Management And Dropbox Who Are Considering Or Have Already Reincorporated In Other States Like Nevada And Texas.
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