Section 47-25-24 - Transfer of substantially all corporate assets.
47-25-24. Transfer of substantially all corporate assets. A sale, lease, exchange, mortgage, pledge, or other disposition of all, or substantially all, the property and assets of a corporation may be made upon such terms and conditions and for such consideration, which may consist in whole or in part of money or property, real or personal, including shares of any corporation for profit, domestic or foreign, as may be authorized in the manner provided by §§ 47-25-25 to 47-25-28, inclusive.
Source: SL 1965, ch 24, § 46.