Delaware lawmakers approved on Tuesday an overhaul of the state’s corporate law in a bid to keep powerful business leaders like Mark Zuckerberg from moving their companies’ legal home to another state, although opponents call it a giveaway to billionaires.
The law, known as SB 21, was approved by a vote by Delaware’s House and now goes to Governor Matt Meyer, who has said he will sign it.
The bill mostly impacts companies with a controlling shareholder,