Maybe you thought the Texas two step was just a country dance. Not any more. It’s also the name given to a type of merger aimed at reducing, or eliminating, corporate liabilities. Here’s how it works. Texas corporate law defines the term “merger” to include a company’s transforming itself into a Texas entity—the type of entity doesn’t matter. The company then undergoes a maneuver given the oxymoronic name “divisive merger” by splitting in two.[1] Texas law requires that the