California Statutes
§ 9630. — 9630. (Amended by Stats. 1979, Ch. 724.)
California·Code CORP Corporations Code - CORP·Div. 2.·Title 1. DIVISION 2. NONPROFIT CORPORATION LAW·Part 4. PART 4. NONPROFIT RELIGIOUS CORPORATIONS·Ch. 6. CHAPTER 6. Miscellaneous Provisions·Art. 3. ARTICLE 3. Sale of Assets
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) or of any other person or persons shall be necessary for such action.
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California § 9630. (9630. (Amended by Stats. 1979, Ch. 724.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1979, Ch. 724.