2013 New York Consolidated Laws
PVH - Private Housing Finance
Article 2 - (10 - 37) LIMITED-PROFIT HOUSING COMPANIES
37 - Separability clause.


NY Priv Hous Fin L § 37 (2012) What's This?
 
    §  37. Separability clause. 1. Except as specifically provided in this
  article, nothing contained therein shall be deemed to limit or  restrict
  any  power  or  authority  granted to banking institutions, foundations,
  labor unions, veterans' organizations, or insurance companies or to  any
  other  corporation  or  to  any  fiduciary by any other provision of law
  heretofore or hereafter enacted.
    2. If any clause, sentence, paragraph, section or part of this article
  shall be adjudged by any court of competent jurisdiction to  be  invalid
  such  judgment  shall  not  affect,  impair  or invalidate the remainder
  thereof, but shall be confined in its operation to the clause, sentence,
  paragraph, section or part thereof directly involved in the  controversy
  in which such judgment shall have been rendered.

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