Elon Musk has publicly railed against Delaware’s corporate law as its judges ruled against his wishes, moving the incorporation of Tesla and other companies out of state. Now, CNBC says a January WSJ report that Meta was considering moving its incorporation spurred immediate action from the governor on a new bill, SB 21, that might make its laws friendlier to folks like Musk and Mark Zuckerberg.
After skipping a typical review by the state’s bar association, it’s passed the state Senate and could be voted on by the state House as soon as Thursday.