2016 New York Laws
BNK - Banking
Article 15 - General Provisions Applicable to Banking Stock Corporations, Limited Liability Investment Companies, and Limited Liability Trust Companies
Title 1 - (1001 - 1008) Definitions; Application; Certificates; Miscellaneous
1007 - When notice or lapse of time unnecessary; notices dispensed with when delivery is prohibited.

 1007.  When  notice  or lapse of time unnecessary; notices dispensed
  with when delivery is prohibited. 1. Whenever, under this article or the
  organization certificate or by-laws of any corporation or by  the  terms
  of  any  agreement  or  instrument,  a  corporation  or the board or any
  committee thereof is authorized to take any action after notice  to  any
  person  or  persons  or  after the lapse of a prescribed period of time,
  such action may be taken without notice and without the  lapse  of  such
  period  of time. If at any time before or after such action is completed
  the person or persons entitled to such notice or entitled to participate
  in the action to be taken or, in the  case  of  a  stockholder,  by  his
  attorney-in-fact, submit a signed waiver of notice of such requirements.
2. Whenever any notice or communication is required to be given to any
  person  by  this article, the organization certificate or by-laws, or by
  the terms of any agreement or instrument, or as a condition precedent to
  taking any corporate action and communication with such person  is  then
  unlawful  under any statute of this state or of the United States or any
  regulation, proclamation or order issued under said statutes,  then  the
  giving  of  such  notice  or  communication  to such person shall not be
  required and there shall be no duty to apply  for  a  license  or  other
  permission  to  do  so.  Any  affidavit, certificate or other instrument
  which is required to be made or filed as proof  of  the  giving  of  any
  notice  or  communication  required  under  this  article shall, if such
  notice or communication to any  person  is  dispensed  with  under  this
  section,  include  a statement that such notice or communication was not
  given to any person with whom communication is unlawful. Such affidavit,
  certificate or other instrument shall be as effective for  all  purposes
  as though such notice or communication had been personally given to such
  person.