New York Purchase, Sale, Mortgage And Lease Of Real Property.
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§ 509. Purchase, sale, mortgage and lease of real property.
No purchase of real property shall be made by a corporation and no
corporation shall sell, mortgage or lease real property, unless
authorized by the vote of two-thirds of the entire board, provided that
if there are twenty-one or more directors, the vote of a majority of the
entire board shall be sufficient.