509 - Purchase, sale, mortgage and lease of real property.

§ 509. Purchase, sale, mortgage and lease of real property.    No  purchase  of  real  property shall be made by a corporation and no  corporation  shall  sell,  mortgage  or  lease  real  property,   unless  authorized  by the vote of two-thirds of the entire board, provided that  if there are twenty-one or more directors, the vote of a majority of the  entire board shall be sufficient.