N.Y. Business Corporation Law Section 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.

Source: Section 911 — Mortgage or pledge of, or security interest in, corporate property, https://www.­nysenate.­gov/legislation/laws/BSC/911 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 911’s source at nysenate​.gov

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