On February 17, 2025, the Delaware General Assembly introduced important new proposals to address recent developments in Delaware caselaw that have resulted in a growing number of Delaware corporations moving their state of incorporation to Texas or Nevada, thus threatening the substantial revenue that Delaware receives from being the primary state of incorporation for U.S. corporations. The General Assembly’s proposals, if adopted, would create more certainty in Delaware corporate law. Depending on how the General Assembly’s proposals are applied by the Delaware judiciary, these reforms could reduce corporate departures to other states.