Sec. 21.461. PLEDGE, MORTGAGE, DEED OF TRUST, OR TRUST INDENTURE. Except as provided by the corporation's certificate of formation: (1) the board of directors of a corporation may authorize a pledge, mortgage, deed of trust, or trust indenture; and (2) an authorization or consent of shareholders is not required for the validity of the transaction or for any sale under the terms of the transaction.
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