
Publication
TX SB 29 and minority shareholder rights impact
On Wednesday, May 14, 2025, Texas Governor Greg Abbott signed Senate Bill 29 (SB 29) into law.
Commercial litigants often seek interlocutory equitable relief by moving for preliminary injunctions to maintain the status quo and protect their rights pending final judgment. Preliminary injunctions may be prohibitory or mandatory in nature; whereas a prohibitory preliminary injunction seeks to enjoin a party from engaging in certain action during the pendency of the case, mandatory preliminary injunctions compel a party to perform an affirmative act while the action is pending.
Because mandatory preliminary injunctions have the significant potential to disturb the status quo, they are subject to a higher standard than their prohibitory cousins, and are rarely granted except under extraordinary or unique circumstances.
Publication
On Wednesday, May 14, 2025, Texas Governor Greg Abbott signed Senate Bill 29 (SB 29) into law.
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