§ 55-12-01 – Disposition of assets not requiring shareholder approval and mortgage of assets.

55-12-01. Disposition of assets not requiring shareholder approval and mortgage of assets. (a) A mortgage of or other security interest in all or any part of the property of a corporation may be made by authority of the board of directors without approval of the shareholders, unless otherwise provided in the articles of incorporation or […]

§ 55-12-02 – Disposition of assets requiring shareholder approval.

55-12-02. Disposition of assets requiring shareholder approval. (a) A corporation may sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property, otherwise than in the usual and regular course of business, on the terms and conditions and for the consideration determined by the corporation’s board of directors, if the board of […]

§ 55-12-03 – Article 9 to control.

55-12-03. Article 9 to control. Nothing in this Article shall be construed to modify in any manner the provisions or applicability of Article 9. (1989, c. 265, s. 1.)