Texas Statutes
§ 21.461 — PLEDGE, MORTGAGE, DEED OF TRUST, OR TRUST INDENTURE.
Texas § 21.461
JurisdictionTexas
Code BOBusiness Organizations Code
This text of Texas § 21.461 (PLEDGE, MORTGAGE, DEED OF TRUST, OR TRUST INDENTURE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Business Organizations Code Code Ann. § 21.461 (2026).
Text
Sec. 21.461. PLEDGE, MORTGAGE, DEED OF TRUST, OR TRUST INDENTURE. 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.
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Legislative History
Acts 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.
Nearby Sections
15
§ 21.002
DEFINITIONS.§ 21.057
BYLAWS.§ 21.058
DUAL AUTHORITY.§ 21.059
ORGANIZATION MEETING.§ 21.101
SHAREHOLDERS' AGREEMENT.§ 21.102
TERM OF AGREEMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 21.461, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/BO/21.461.