§ 645. Limited liability. 1. As used in this section, the term “employee” shall mean the members of the board, president, officers, employees, or a former employee, his or her estate or judicially appointed personal representative. 2. Neither the members of the board nor any officers or employee of the trust acting on behalf thereof, […]
§ 646. Audit and annual reports. The trust shall have an internal audit function and shall annually prepare and submit reports as required by this section, provided that no report shall be required during the earlier of the first year after the trust commences its operations or one year and nine months after the effective […]
§ 647. Jurisdiction over trust. 1. The trust shall not be deemed a “covered organization” as defined in the New York state financial emergency act for the city of New York. 2. The department of investigation of the city shall be authorized to conduct investigations relating to the trust pursuant to chapter thirty-four of the […]
§ 648. Effect of inconsistent provisions. Insofar as the provisions of this article are inconsistent with the provisions of any other law, general, special or local or of the New York city charter or any local law, ordinance or resolution of the city, the provision of this article shall be controlling, provided that nothing contained […]
§ 649. Severability. If any provision of this article or its application to any person or circumstance is held unconstitutional or invalid, in whole or in part, by any court, such holding of unconstitutionality or invalidity shall in no way affect or impair any other provision of this article or the application of any such […]
