Delaware lawmakers approved on Tuesday an overhaul of the state's corporate law in a bid to keep powerful business leaders like Mark Zuckerberg from moving their companies' legal home to another state,

Delaware Gov. Matt Meyer swiftly signed a bill reworking provisions in Delaware's corporate code after the state House of Representatives signed off.

Delaware lawmakers have approved significant changes to corporate governance laws designed to retain billionaire-led companies, according to the Financial Times. The move aims to make the state more hospitable to billionaire-led companies,