PART XI. SALE OF ASSETS
[§414D-221] Sale of assets in regular course of activities and mortgage of assets. (a) A corporation, on the terms and conditions and for the consideration determined by the board of directors, may:
(b) Unless the articles require it, approval of the members or any other person of a transaction described in subsection (a) is not required. [L 2001, c 105, pt of §1]