Corporations Code section 1000

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 otherwise provide, no approval of shareholders (Section 153) or of the outstanding shares (Section 152) shall be necessary for such action.

Source: Section 1000, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=1000. (accessed May 10, 2025).

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Last Updated

May 10, 2025

§ 1000’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_1000

Original Source: Section 1000, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=1000. (last accessed May 10, 2025).