Corporations Code section 9630

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 or bylaws otherwise provide, no approval of the members (Section 5034) or of any other person or persons shall be necessary for such action.

Source: Section 9630, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=9630. (updated Jan. 1, 1979; accessed Jun. 9, 2025).

9630
9631
9632
9633
9634

Up to date

Verified:
Jun. 9, 2025

§ 9630’s source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_9630

Original Source: Section 9630, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=9630. (last accessed May 12, 2025).