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2012 New York Consolidated Laws
BSC - Business Corporation
Article 9 - (901 - 913) MERGER OR CONSOLIDATION; GUARANTEE; DISPOSITION OF ASSETS; SHARE EXCHANGES
911 - Mortgage or pledge of, or security interest in, corporate property.


NY Bus Corp L § 911 (2012) What's This?
 
  § 911. Mortgage  or  pledge  of,  or  security  interest  in,  corporate
           property.
    The board may authorize any mortgage or pledge of, or the creation  of
  a  security  interest  in, all or any part of the corporate property, or
  any interest therein,  wherever  situated.  Unless  the  certificate  of
  incorporation  provides  otherwise,  no  vote or consent of shareholders
  shall be required to approve such action by the board.

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