Section 179-A. Construction


Latest version.
  • In the event of any conflict or inconsistency
      between the provisions of this article four-a and the provisions of  any
      other  provision  of  law as to the percentage of assets of a fund which
      may be invested in any one type of investment or in any  one  particular
      investment, the provisions of this article shall govern.
        Nothing  contained  in  this  article shall be construed to affect any
      lawful investment made prior to the effective date of  this  article  by
      the  trustee  or  trustees  of  a  fund,  and any such investment may be
      retained or disposed of by such trustee or trustees in  accordance  with
      any other provision of law.