{"data":{"id":"us-ny/n.y.-business-corporation-law-908","jurisdiction":"us-ny","citation":"N.Y. Business Corporation Law § 908","heading":"Guarantee authorized by shareholders","body":"§ 908. Guarantee authorized by shareholders.\n  A guarantee may be given by a corporation, although not in furtherance\nof its corporate purposes, when authorized at a meeting of shareholders\nby two-thirds of the votes of all outstanding shares entitled to vote\nthereon. If authorized by a like vote, such guarantee may be secured by\na mortgage or pledge of, or the creation of a security interest in, all\nor any part of the corporate property, or any interest therein, wherever\nsituated.","path":["Business Corporation Law","Article 9. Merger or Consolidation; Guarantee; Disposition of Assets; Share Exchanges"],"source_url":"https://legislation.nysenate.gov/api/3/laws/BSC/908","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"50509d782881c2a222ae251e9234a37ebd57a391052b3ca7db80223db13e849e","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-business-corporation-law-907","next":"us-ny/n.y.-business-corporation-law-909"},"notice":"GroundRules: Original legal text. Not legal advice."}