AUSTIN – Lt. Gov. Dan Patrick issued this statement today following the bipartisan passage of Senate Bill 29, Texas: Open for Business, by Sen. Bryan Hughes, R-Tyler:

“The Texas economy is leading America into the mid-21st century with our pro-growth, conservative policies, attracting businesses to our state. We want companies to incorporate in Texas instead of Delaware. To do so, Texas must update our corporate laws to remain the crown jewel of America’s economy. SB 29 is a priority of the Senate and mine because these important changes will cement our dominant position in the global economy.”

SB 29, by Sen. Bryan Hughes, further cements Texas’ predictable legal framework for businesses.