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Attorney General’s corporate investigatory powers clarified in bill that drew stakeholder questions
Summary
Senate Bill 23‑40 would update a long‑standing business‑organization statute to clarify the attorney general's authority to take pre‑suit depositions, require sworn written answers, and set the judicial review process; the AG's office said the bill modernizes century‑old code language, while witnesses asked for safeguards for small entities.
Senate Bill 23‑40 proposes to clarify and modernize the attorney general's authority to investigate the organization, conduct and management of corporations registered in Texas by specifying pre‑suit oral deposition authority, the ability to require sworn answers to written questions, and procedures for judicial review.
Author Senator Swartner described the substitute as providing a clearer statutory framework for investigative mechanisms, saying…
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