The board of directors of a cooperative may, without authorization by the members of the cooperative, authorize the execution and delivery of mortgages or deeds of trust of, or the pledging or encumbering of, the property, assets, rights, privileges, licenses, franchises and permits of the cooperative, whether acquired or to be acquired, and wherever situated, as well as the revenue therefrom, upon the terms and conditions the board of directors determines, to secure an indebtedness of the cooperative.
Section: Previous 10.25.370 10.25.375 10.25.380 10.25.390 10.25.400 10.25.410 10.25.420 10.25.430 10.25.440 10.25.450 10.25.460 10.25.470 10.25.480 10.25.490 10.25.500 NextLast modified: November 15, 2016