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.

Continue reading the full GT Alert.

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Photo of Elizabeth Ross Hadley Elizabeth Ross Hadley

Elizabeth Ross Hadley focuses her practice on both government law and policy and litigation matters.

Elizabeth is Board Certified in legislative and campaign law by The Texas Board of Legal Specialization (TBLS). Her government practice includes representing clients with legislative, regulatory, and administrative

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Elizabeth Ross Hadley focuses her practice on both government law and policy and litigation matters.

Elizabeth is Board Certified in legislative and campaign law by The Texas Board of Legal Specialization (TBLS). Her government practice includes representing clients with legislative, regulatory, and administrative issues across all policy areas, with an emphasis on insurance regulation, economic development, technology, health care, education, the Texas Public Information Act, procurement matters, and campaign finance compliance in Texas. She has an intimate understanding of legislative and government agency processes given her prior experience working within the U.S. Senate, the Texas State Senate, and the Texas Department of Agriculture. Elizabeth utilizes this knowledge to provide exceptional service to clients in their interactions with Texas government, including advocating for clients before the Texas legislature and assisting clients with the rule-making process and advising on regulatory matters before state agencies, boards and commissions, as well as handling open records matters before the Texas Attorney General.

Her litigation practice includes the representation of pharmaceutical, consumer products, and medical device companies in national products liability and mass torts matters, as well as representation of insurance companies, financial institutions, health care providers, public and private corporations, and state governmental entities in various litigation-related matters. Elizabeth has wide-ranging trial experience in state and federal courts in both Texas and Mississippi, including first and second chair in jury and bench trials, motions practice, discovery, and mediation. She has handled cases from start to finish working with legal teams across the country to achieve desirable results for clients whether they are individuals, small businesses or large corporations.

Elizabeth’s advocacy for clients both in the legislature as well as in the courts gives her a unique perspective into how laws affect businesses and allows her to advise clients from both a legal and legislative viewpoint. This enables Elizabeth to provide valuable insight to clients whether they are working through the legislative, regulatory or litigation process, and a strategic approach to the client’s needs that encompasses one or all of these strategies.

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Photo of John Thomas Holland John Thomas Holland

Mike Shalmy focuses his practice on corporate and commercial transactions including mergers and acquisitions, public securities offerings, private placements and a variety of financing, acquisition and restructuring transactions for publicly held and privately held business entities. Mike also advises publicly held companies on…

Mike Shalmy focuses his practice on corporate and commercial transactions including mergers and acquisitions, public securities offerings, private placements and a variety of financing, acquisition and restructuring transactions for publicly held and privately held business entities. Mike also advises publicly held companies on disclosure obligations under the Securities Exchange Act of 1934, including the preparation of annual reports to stockholders, proxy statements, and annual and quarterly periodic reports to the Securities and Exchange Commission (SEC).

Prior to joining the firm, Mike worked as Vice President and Associate General Counsel at Diamond Resorts International, Inc., a large vacation ownership company headquartered in Las Vegas.

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Photo of Christopher M. LaVigne Christopher M. LaVigne

Christopher M. LaVigne is a trial lawyer whose practice focuses on resolving complex business disputes through litigation, arbitration, and alternative dispute resolution. Chris is routinely named to various “top attorneys” lists by his clients and peers, including Best Lawyers (2017-2023), Acritas (2020-2021), and…

Christopher M. LaVigne is a trial lawyer whose practice focuses on resolving complex business disputes through litigation, arbitration, and alternative dispute resolution. Chris is routinely named to various “top attorneys” lists by his clients and peers, including Best Lawyers (2017-2023), Acritas (2020-2021), and Super Lawyers (2009-2022). His national and international practice is tailored to the needs and expectations of his clients, whether those needs are managing a docket of litigation, seeking emergency injunctive relief, or leading a bet the company fight at the courthouse. Chris is a trial lawyer first. He has broad experience handling breach of contract and related business tort claims, including products liability, fraud, tortious interference, corporate governance, and theft of trade secrets/covenants not to compete disputes. Chris’ experience and practical approach to dispute resolution covers a number of disciplines and industries, including manufacturing, health care, construction, real estate, data security, oil and gas, forestry, and technology. Chris also has wide-ranging experience in the appellate process, arguing cases before the Texas appellate courts and the Fifth Circuit Court of Appeals.

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Photo of Thomas Woolsey Thomas Woolsey

Thomas Woolsey serves as Co-Chair of the Texas Corporate Practice. He has deep experience advising clients with mergers and acquisitions, recapitalizations, financings, and debt and equity offerings in transactions ranging in value from $5M to $1B+. Thomas advises clients in transactions that involve…

Thomas Woolsey serves as Co-Chair of the Texas Corporate Practice. He has deep experience advising clients with mergers and acquisitions, recapitalizations, financings, and debt and equity offerings in transactions ranging in value from $5M to $1B+. Thomas advises clients in transactions that involve a broad range of industries, including health care, software and technology, energy, manufacturing and construction, real estate, and food and beverage. His clients include private equity sponsors and their portfolio companies, operating companies, and management teams. Thomas serves as outside general counsel by many of his clients and he counsels them in their most complex business transactions and strategic objectives. He is known for his responsiveness and practical approach.

Thomas also represents many clients in connection with cross-border transactions. He provides counsel to clients that seek to enter domestic markets as well as domestic clients that desire to expand their operations throughout the world. He has represented clients in cross-border transactions with parties located in India, China, Mexico, the United Kingdom, Germany, Switzerland, France, Canada, Korea, as well as nations on the African and South American continents.

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Photo of Sergio Cavazos Sergio Cavazos

Sergio Cavazos is a member of the Government Law & Policy Practice in Greenberg Traurig’s Austin office. Sergio has strong experience working with the Texas House of Representatives, having served as Chief of Staff and in a variety of other positions for State

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Sergio Cavazos is a member of the Government Law & Policy Practice in Greenberg Traurig’s Austin office. Sergio has strong experience working with the Texas House of Representatives, having served as Chief of Staff and in a variety of other positions for State Representative Eddie Lucio III. In these roles, he developed legislative agendas, reviewed legislative proposals, and assisted with the development and passage of legislation. Sergio also served as Director of the Texas House Committee on Insurance, where he assisted in the development and passage of SB 1264 to prevent surprise medical billing in Texas.

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