N.Y. BSC Law § 911
This is the official text of N.Y. BSC Law § 911, part of New York’s BSC Law — part of the compiled statutory law of New York, published by the state as "BSC Law." Browse the sections below, each linked to its official government source.
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Mortgage or pledge of, or security interest in, corporate property
Official statutory text
§ 911. Mortgage or pledge of, or security interest in, corporate\n property.\n The board may authorize any mortgage or pledge of, or the creation of\na security interest in, all or any part of the corporate property, or\nany interest therein, wherever situated. Unless the certificate of\nincorporation provides otherwise, no vote or consent of shareholders\nshall be required to approve such action by the board.\n
Status: in_force · Read it on the official government site
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