Texas Business Organizations Code - BUS ORG § 21.461. Pledge, Mortgage, Deed of Trust, or Trust Indenture
Current as of April 14, 2021 | Updated by FindLaw Staff
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Except as provided by the corporation's certificate of formation:
(1) the board of directors of a corporation may authorize a pledge, mortgage, deed of trust, or trust indenture; and
(2) an authorization or consent of shareholders is not required for the validity of the transaction or for any sale under the terms of the transaction.
Cite this article: FindLaw.com - Texas Business Organizations Code - BUS ORG § 21.461. Pledge, Mortgage, Deed of Trust, or Trust Indenture - last updated April 14, 2021 | https://codes.findlaw.com/tx/business-organizations-code/bus-org-sect-21-461.html
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