TX HB988

Amends Section 21.401 of the Texas Business Organizations Code to require corporate directors to act to maximize the value of the corporation's shares when discharging their duties

Establishes that prioritizing any other consideration over shareholder value maximization constitutes a breach of the director's fiduciary duty

Applies only to actions taken by corporate boards of directors on or after the effective date of the Act

Takes effect immediately upon receiving a two-thirds vote from both legislative chambers, or September 1, 2025, if that threshold is not met