§ 37 — Separability clause

New York § 37

• Jurisdiction: New York
• Law PVH: Private Housing Finance
• Art. 2: Limited-profit Housing Companies

Text

§ 37. Separability clause. 1. Except as specifically provided in this\narticle, nothing contained therein shall be deemed to limit or restrict\nany power or authority granted to banking institutions, foundations,\nlabor unions, veterans' organizations, or insurance companies or to any\nother corporation or to any fiduciary by any other provision of law\nheretofore or hereafter enacted.\n 2. If any clause, sentence, paragraph, section or part of this article\nshall be adjudged by any court of competent jurisdiction to be invalid\nsuch judgment shall not affect, impair or invalidate the remainder\nthereof, but shall be confined in its operation to the clause, sentence,\nparagraph, section or part thereof directly involved in the controversy\nin which such judgment shall have been rendered.\n