{"code":"CORP","codeName":"Corporations Code","section":"1000","citation":"Corp. Code, § 1000","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 1. CORPORATIONS [100. - 14707.]","url":"https://blackletter.si/corporations-code/title-1"},{"name":"DIVISION 1. GENERAL CORPORATION LAW [100. - 2319.]","url":"https://blackletter.si/corporations-code/title-1/division-1"},{"name":"CHAPTER 10. Sales of Assets [1000. - 1002.]","url":"https://blackletter.si/corporations-code/title-1/division-1/chapter-10"}],"history":"Added by Stats. 1975, Ch. 682.","effective":null,"html":"<p>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 <a href=\"/corp/153\">153</a>) or of the outstanding shares (Section <a href=\"/corp/152\">152</a>) shall be necessary for such action.</p>","text":"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.","otherVersions":[],"url":"https://blackletter.si/corporations-code/sales-of-assets-1000","source":"California Legislative Information bulk export (pubinfo)"}