N.Y. Defense Emergency Act 1951 Law § 95

Current through 2024 NY Law Chapter 457

Section 95 - General provisions

1.In any action or proceeding it shall be presumed that a condition of acute emergency existing within any city or county within the state constitutes a condition of acute emergency with respect to every institution within such city or county.

2.The board of directors of every corporate institution shall, during any period of acute emergency, have all of the powers of an emergency board of directors as provided by this article. This article shall not be construed as limiting the powers of any institution or of the stockholders or members or board of directors of any corporate institution.

3.This article shall not be construed as permitting or requiring any corporation organized under the laws of any other state of the United States or of any foreign country, or of Puerto Rico, or any branch, office, or agency of such corporation, or the board of directors, officers, or stockholders of any such corporation to do anything which they could not lawfully and validly do under the laws of the jurisdiction under whose laws such corporation was organized.

N.Y. Defense Emergency Act 1951 Law § 95