Public-domain · open source
OpenJurist

Ohio Rev. Code Ann. § 1701.65

Corporate mortgages

Effective: October 11, 1955; Latest Legislation: House Bill 70 - 101st General Assembly

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 otherwise provided in the articles, no vote or consent of shareholders is necessary for such action.

Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.