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2018 Ohio Revised Code
Title [17] XVII CORPORATIONS - PARTNERSHIPS
Chapter 1702 - NONPROFIT CORPORATION LAW
Section 1702.36 - Corporate mortgages.
Universal Citation: Ohio Rev Code § 1702.36 (2018)
The directors may authorize any mortgage, pledge, or deed of trust of all or any of the property of the corporation of any description, or any interest therein, for the purpose of securing the payment or performance of any obligation or contract. Unless the articles or the regulations, or the terms of any trust on which the corporation holds any particular property, otherwise provide, no vote or consent of members or authorization from the court under section 1715.39 of the Revised Code is necessary for such action.
Effective Date: 04-10-2001 .
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