There is a newer version
of
the New York Laws
2017 New York Laws
BSC - Business Corporation
Article 9 - Merger or Consolidation; Guarantee; Disposition of Assets; Share Exchanges
911 - Mortgage or Pledge Of, or Security Interest In, Corporate Property.
Universal Citation: NY Bus Corp L § 911 (2017)
911. Mortgage or pledge of, or security interest in, corporateproperty.
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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