Section 911. Mortgage or pledge of, or security interest in, corporate property  


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  • The board may authorize any mortgage or pledge of, or the creation  of
      a  security  interest  in, all or any part of the corporate property, or
      any interest therein,  wherever  situated.  Unless  the  certificate  of
      incorporation  provides  otherwise,  no  vote or consent of shareholders
      shall be required to approve such action by the board.