Musk’s Legal Fights Boost Longshot Texas Bid to Become Court Hub
- New business courts set for Sept. 1, still face major hurdles
- Musk moved Tesla incorporation to Texas after Delaware ruling
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A low-slung brick building across the street from a dingy parking garage in Wilmington, Delaware, is a legal address for nearly 300,000 businesses, including Walmart Inc., General Motors Co. and Goldman Sachs Group Inc.
The major draw for those companies — and hundreds of thousands of other corporations, LLCs and LPs incorporated in the tiny state — is a 15-minute walk away: the Delaware Court of Chancery.