Legislation

Search OpenLegislation Statutes

This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 95
General provisions
Defense Emergency Act 1951 784/51 (DEA) CHAPTER 784-51, ARTICLE 7
§ 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.