Mortgage or pledge of assets

17-6802. Mortgage or pledge of assets. The authorization or consent of stockholders to the mortgage or pledge of a corporation's property and assets shall not be necessary, except to the extent that the articles of incorporation otherwise provide. History: L. 1972, ch. 52, § 92; July 1. Source or Prior Law: 8 Del. C. § 272. Cross References to Related Sections: Power of corporation to mortgage or pledge its assets, see 17-6102(4). Power of corporation with respect to securities of other corporations, see 17-6103. Power of corporation to pledge its own shares of stock, see 17-6410. Power of corporation surviving or resulting from a merger or consolidation to mortgage property and assets, see 17-6710. Reorganization of corporation under U.S. statute, see 17-6913. Defense of usury not available to corporation in enforcing payment of any bond, note or other evidence of indebtedness, see 17-7105. Law Review and Bar Journal References: "Close Corporations and the Kansas General Corporation Code of 1972," Edwin W. Hecker, Jr., 22 K.L.R. 489, 505 (1974).