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.
Structure New York Laws
Article 9 - Merger or Consolidation; Guarantee; Disposition of Assets; Share Exchanges
901 - Power of Merger or Consolidation.
902 - Plan of Merger or Consolidation.
903 - Authorization by Shareholders.
904 - Certificate of Merger or Consolidation; Contents.
904-B - Merger or Consolidation of Business Corporations Into Non-Profit Corporations.
905 - Merger of Parent and Subsidiary Corporations.
906 - Effect of Merger or Consolidation.
907 - Merger or Consolidation of Domestic and Foreign Corporations.
908 - Guarantee Authorized by Shareholders.
909 - Sale, Lease, Exchange or Other Disposition of Assets.
911 - Mortgage or Pledge Of, or Security Interest In, Corporate Property.
912 - Requirements Relating to Certain Business Combinations.