§ 908. Guarantee authorized by shareholders.

A guarantee may be given by a corporation, although not in furtherance
of its corporate purposes, when authorized at a meeting of shareholders
by two-thirds of the votes of all outstanding shares entitled to vote
thereon. If authorized by a like vote, such guarantee may be secured by
a 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.