CHIULLI v. REITER


173 A.D.2d 672 (1991)

Mario Chiulli et al., Appellants, v. Harry Reiter et al., Respondents, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, Second Department.

May 28, 1991


Ordered that the order is affirmed, with one bill of costs, payable to the respondents appearing separately and filing separate briefs.

Business Corporation Law § 911 states that the board of directors "may authorize any mortgage * * * of * * * all or any part of the corporate property, or any interest therein. Unless the certificate of incorporation provides otherwise, no vote or consent of shareholders shall be required to approve such action by the board"...

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