Statute · New York Business Corporation Law
N.Y. Bus. Corp. Law § 911 — Mortgage or pledge of, or security interest in, corporate property
N.Y. Bus. Corp. Law § 911
- Type
- Statute
- Source
- New York Business Corporation Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 911. Mortgage or pledge of, or security interest in, corporate
Citator
N.Y. Bus. Corp. Law § 911 — Mortgage or pledge of, or security interest in, corporate property is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.