Mortgage or pledge of assets.
K.S.A. 17-6802
in effect17-6802. 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.
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).
Source: Kansas Office of Revisor of Statutes (ksrevisor.gov)URL: https://www.ksrevisor.gov/statutes/chapters/ch17/017_068_0002.htmlFetched: 10/20/2026