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TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 3. NONPROFIT MUTUAL BENEFIT CORPORATIONS 7110-8910›CHAPTER 9. Sales of Assets 7910-7914

§ 7910

California Corporations Code · 2018-11 edition · updated 2026-10-04 · California

Any mortgage, deed of trust, pledge or other hypothecation of all or any part of the corporation’s property, real or personal, for the purpose of securing the payment or performance of any contract or obligation may be approved by the board. Unless the articles or bylaws otherwise provide, no approval of the members (Section 5034) shall be necessary for such action.

(Added by Stats. 1978, Ch. 567.)

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California Corporations Code

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