Section 37. Separability clause


Latest version.
  • 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.