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TITLE 1. CORPORATIONS 100-14631›DIVISION 2. NONPROFIT CORPORATION LAW 5000-10841›PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS 5110-6910›CHAPTER 9. Sales of Assets 5910-5930›ARTICLE 1. General Provisions 5910-5913

§ 5910

California Corporations Code · 2020-11 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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