{"data":{"id":"us-tx/tex.-business-organizations-code-21.461","jurisdiction":"us-tx","citation":"Tex. Business Organizations Code § 21.461","heading":"PLEDGE, MORTGAGE, DEED OF TRUST, OR TRUST INDENTURE.","body":"Except as provided by the corporation's certificate of formation:\n(1) the board of directors of a corporation may authorize a pledge, mortgage, deed of trust, or trust indenture; and\n(2) an authorization or consent of shareholders is not required for the validity of the transaction or for any sale under the terms of the transaction.\nActs 2003, 78th Leg., ch. 182, Sec. 1, eff. Jan. 1, 2006.","path":["BUSINESS ORGANIZATIONS CODE","TITLE 2. CORPORATIONS","CHAPTER 21. FOR-PROFIT CORPORATIONS","SUBCHAPTER J. FUNDAMENTAL BUSINESS TRANSACTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm#21.461","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:58Z","sha256":"e5d584a5984451ca6ea8f58e57b2439a47ed5fc8d597452a09b7a157fc491579","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-organizations-code-21.460","next":"us-tx/tex.-business-organizations-code-21.462"},"notice":"GroundRules: Original legal text. Not legal advice."}