S-31.1 - Business Corporations Act
115. Unless otherwise provided in the by-laws or in a unanimous shareholder agreement, the board of directors of a corporation may, on behalf of the corporation,
(1) borrow money;
(2) issue, reissue, sell or hypothecate its debt obligations;
(3) enter into a suretyship to secure performance of an obligation of any person; and
(4) hypothecate all or any of its property, owned or subsequently acquired, to secure any obligation.