Tripadvisor can reincorporate in Nevada, Delaware court rules
Tripadvisor isn’t the only major company intent to move its legal corporate home to Nevada.
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Tripadvisor isn’t the only major company intent to move its legal corporate home to Nevada.
Tesla CEO Elon Musk receives favorable news from Delaware Chancery Court regarding the company's potential move to Texas. Moving companies out of Delaware is allowed under certain circumstances, and Tesla may be able to rely on the cleansing process. However, opposition from shareholders, including institutional investors, is a possibility.
Tripadvisor isn’t the only major company intent to move its legal corporate home to Nevada.
A Delaware judge found Tesla’s board wasn't independent enough from Elon Musk. That could make it more difficult to give the CEO what he wants: a new legal home in Texas.
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