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TX SB2883
Bill
Status
Introduced
3/14/2025
Primary Sponsor
Bryan Hughes
Click for details
AI Summary
- Extends the abolition date for six Business Court Divisions (Second, Fifth, Sixth, Seventh, Ninth, and Tenth) from September 1, 2026 to September 1, 2028, unless reauthorized by the legislature
- Lowers the amount in controversy threshold for certain business court cases from $5 million to $4.5 million for derivative proceedings, governance disputes, securities claims, and Business Organizations Code matters
- Reduces the amount in controversy threshold from $10 million to $9.5 million for qualified transactions, contract disputes with business court jurisdiction agreements, and Finance Code or Business & Commerce Code violations
- Reduces the residency requirement for business court judges from five years to four years within the division's counties prior to appointment
- Changes the annual business court report deadline from December 1 to December 15 and provides a $1 salary increase for the administrative presiding judge of the business court
Legislative Description
Relating to the business court.
Business & Commerce
Last Action
Left pending in committee
5/7/2025
Committee Referrals
Jurisprudence4/7/2025
Full Bill Text
No bill text available