Texas’ One Share Rule Could be a Ticking Time Bomb

Dear Client:After five years of calling out the absurdity in Texas' "One Share Rule," it seems the McLane Company may have finally gotten their point across.How so? McLane more or less forced one of their competitors to be put under the microscope for cross-tier ownership and sat back for what they knew would be a "ridiculous" outcome."In a decision that even the judge who wrote it conceded was ridiculous, a Texas court this month concluded the state's Byzantine liquor laws