Texas HB40 amends the Business Court's jurisdiction, procedures, and administrative structure.

Texas HB40 modifies the Texas Business Court's jurisdiction to include actions involving insurance contracts, non-compete agreements, and fundamental business transactions. It expands the court's civil jurisdiction to actions exceeding $5 million. The bill also establishes procedures for appointing receivers and arbitrators, outlines the court's authority to grant injunctive and equitable relief, and mandates that appeals from the Business Court be heard by the Fifteenth Court of Appeals.

Texas HB40 amends the Business Court's jurisdiction, procedures, and administrative structure.

Texas HB40 modifies the Texas Business Court's jurisdiction to include actions involving insurance contracts, non-compete agreements, and fundamental business transactions. It expands the court's civil jurisdiction to actions exceeding $5 million. The bill also establishes procedures for appointing receivers and arbitrators, outlines the court's authority to grant injunctive and equitable relief, and mandates that appeals from the Business Court be heard by the Fifteenth Court of Appeals.