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  • SECTION 910
    Right of shareholder to receive payment for shares upon merger or consolidation, or sale, lease, exchange or other disposition of assets,...
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  • ARTICLE 9
    Merger or Consolidation; Guarantee; Disposition of Assets; Share Exchanges
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  • SECTION 912
    Requirements relating to certain business combinations
    • Viewing most recent revision (from 2014-09-22)

    SECTION 911

    Mortgage or pledge of, or security interest in, corporate property

    Business Corporation (BSC) CHAPTER 4, ARTICLE 9

    § 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.