ยง 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.
Structure New York Laws
Article 2 - Limited-Profit Housing Companies
11 - Policy and Purposes of Article.
11-A - Additional Policy and Purposes of Article.
13 - Limited-Profit Housing Companies; How Created.
13-A - The Applicability of Not-for-Profit Corporation Law.
13-B - Verification of Papers Filed With Supervising Agency.
13-C - Voting, Election and Referendum Procedures.
14 - Consent of Commissioner to Incorporation.
15 - Participation by Certain Corporations and Individuals.
16 - Limited-Profit Housing Companies; Partnership Relations.
18 - Designation of and Service of Process on Secretary of State and Registered Agent.
19 - Consideration for Issuance of Stock, Bonds or Income Debentures.
20 - Mortgages, Mortgage Bonds and Notes.
22-B - Loans for State-Aided Limited-Profit Housing Companies.
23 - Municipal Loans and Municipally Aided Projects.
23-A - Mortgage Modifications, Evidence of Pre-Existing Indebtedness.
23-B - Participation in Loan or Investment.
23-C - Mortgage Modifications.
26 - Conditions and Security for Loans.
26-A - Findings for Municipally-Aided Projects.
26-B - Special Provisions With Respect to State Urban Development Corporation Projects.
26-C - Special Provisions With Respect to Battery Park City Projects.
30 - Transfer of Real Property.
31 - Rentals and Selection of Tenants.
31-A - Resale Price of Shares.
31-B - Assignment or Pledge of Tenant Cooperator's Shares.
31-C - Tenant-Cooperators; Application of Shares.
32 - Supervision and Regulation.
32-A - Additional Supervision and Regulation.
34 - Foreclosure and Judgments.
35-A - Requirements Regarding Dissolution.
36 - Sale of Project Prior to Termination of Tax Exemption.