Separability
Source:
Section 130-I — Separability, https://www.nysenate.gov/legislation/laws/RPP/130-I (updated Sep. 22, 2014; accessed Feb. 28, 2026).
124
Purpose and application of article 125
Definitions 126
Trust indentures 127
Restrictions on trustees 128
Minimum bid of trustee at sale on foreclosure to be fixed by court 129
No deposit agreement shall be valid or binding which does not set forth the following provisions for the protection of the bondholders: (... 130–A
Restrictions on committees 130–B
Managing agents and management companies 130–C
Voting trustees and voting trust agreements 130–D
Fees and allowances 130–E
Removal of trustees, committees or depositaries 130–F
Actions for accounting by minority groups 130–G
Violations and penalties 130–H
Construction of article 130–I
Separability 130–J
Right to appeal 130–K
Exemptions from restrictions on trustees and trust indentures
Purpose and application of article 125
Definitions 126
Trust indentures 127
Restrictions on trustees 128
Minimum bid of trustee at sale on foreclosure to be fixed by court 129
No deposit agreement shall be valid or binding which does not set forth the following provisions for the protection of the bondholders: (... 130–A
Restrictions on committees 130–B
Managing agents and management companies 130–C
Voting trustees and voting trust agreements 130–D
Fees and allowances 130–E
Removal of trustees, committees or depositaries 130–F
Actions for accounting by minority groups 130–G
Violations and penalties 130–H
Construction of article 130–I
Separability 130–J
Right to appeal 130–K
Exemptions from restrictions on trustees and trust indentures
