Ohio § 1702.36 Corporate mortgages

Ohio Statutes

§ 1702.36 — Corporate mortgages

Ohio § 1702.36

Title 17Corporations-Partnerships

Ch. 1702Nonprofit Corporation Law

This text of Ohio § 1702.36 (Corporate mortgages) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1702.36 (2026).

Text

The directors may authorize any mortgage, pledge, or deed of trust of all or any of the property of the corporation of any description, or any interest therein, for the purpose of securing the payment or performance of any obligation or contract. Unless the articles or the regulations, or the terms of any trust on which the corporation holds any particular property, otherwise provide, no vote or consent of members or authorization from the court under section1715.39of the Revised Code is necessary for such action.

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The directors may authorize any mortgage, pledge, or deed of trust of all or any of the property of the corporation of any description, or any interest therein, for the purpose of securing the payment or performance of any obligation or contract. Unless the articles or the regulations, or the terms of any trust on which the corporation holds any particular property, otherwise provide, no vote or consent of members or authorization from the court under section1715.39of the Revised Code is necessary for such action.