Legislation
SECTION 37
Separability clause
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 2
§ 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.
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.