February 2026 Reincorporation Update
The February 2026 reincorporation update adds seven new filings, expanding the list of companies shifting their legal domicile. Notable moves include Datadog’s transfer from Delaware to Nevada, boosting Nevada’s market‑cap share to roughly $44 billion, and ArcBest’s relocation to Texas with a charter that deliberately opts out of several shareholder‑rights provisions. The data, compiled with assistance from research analysts, visualizes origins and destinations, highlighting Nevada and Texas as emerging hubs while Delaware remains the primary target for incoming filings. The release precedes a SMU symposium that will debate these jurisdictional shifts.
Dividend Distinctions and Proxy Descriptions
Several recent proxy statements claim that moving a corporation from Nevada to Delaware provides greater dividend‑distribution flexibility. A detailed comparison of Nevada’s NRS 78.288 and Delaware’s statutory and case‑law framework shows Nevada already allows broad dividend authority, especially when articles of...