PLEDGE, MORTGAGE, DEED OF TRUST, OR TRUST INDENTURE.

Tex. BUS. ORGS Code § 21.461.
in effect
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Except as provided by the corporation's certificate of formation: (1) the board of directors of a corporation may authorize a pledge, mortgage, deed of trust, or trust indenture; and (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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/28/2026

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