A corporation may on the terms and conditions and for the consideration determined by the board of directors: Sell, lease, exchange, or otherwise dispose of any or all of the corporation’s assets in the usual and regular course of its activities; Mortgage, pledge, dedicate to the repayment of indebtedness (whether with or without recourse), or […]
A corporation may sell, lease, exchange, or otherwise dispose of all, or substantially all, of its property (with or without the good will) other than in the usual and regular course of its activities, on the terms and conditions and for the consideration determined by the corporation’s board, if the proposed transaction is authorized by […]
Property held in trust or otherwise dedicated to a charitable purpose may not be diverted from its purpose by a transaction described in § 48-62-101 or § 48-62-102 unless the corporation complies with subsection (c) to the extent required by and pursuant to the law of this state on cy pres or otherwise dealing with […]
