N.Y. Defense Emergency Act 1951 784/51 § 95: General provisions

§ 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.