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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1702.36 | Corporate mortgages.

Ohio Revised Code
/
Title 17 Corporations-Partnerships
/
Chapter 1702 Nonprofit Corporation Law
 
Effective:
April 10, 2001
Latest Legislation:
House Bill 597 - 123rd General Assembly
PDF:
Download Authenticated PDF
 

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 section 1715.39 of the Revised Code is necessary for such action.

Available Versions of this Section