Bill Would Create New Level of Chancery Courts in Texas
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A measure filed in the Legislature would create the first new level of courts in Texas in a century, News Radio 1200 WOAI reports.
State Rep. Jason Villalba (R-Houston) wants to create what are called Chancery Courts, which would have limited jurisdiction to handle complex business litigation.
Villalba says issues like mergers and acquisitions, corporate wrongdoing, security law and violations of state incorporation laws are often lengthy matters which overwhelm State District Courts and clog up those courts, muscling out the issues they are supposed to handle.
“With the creation of the Chancery Court of Texas, we are providing access to a specialized court for complex business matters that have heretofore been heard solely in Texas district courts, which are capable, but not designed, to handle these types of disputes,” Villalba said. “By establishing the Chancery Court of Texas, we are providing Texas businesses with incentives to incorporate in Texas and we are incenting foreign companies to incorporate and re-incorporate in Texas.”
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