The superintendent of financial services

§ 94. The superintendent of financial services. 1. During a period of acute emergency affecting any area within this state, the superintendent shall have power to call meetings of the superintendent of financial services created by section thirteen of the banking law upon such period of notice as he may deem appropriate in view of the condition of acute emergency and the urgency of the business to be transacted at such meeting. The superintendent shall give notice of such meeting by making such reasonable efforts as in his judgment circumstances may permit to notify each member of the superintendent of financial services of the time and place of such meeting. Failure of any member of the superintendent of financial services to receive actual notice of such a meeting shall not affect the power of the members present thereat or the superintendent to act as prescribed in subdivision two of this section. 2. At any meeting of the superintendent of financial services convened during a period of acute emergency affecting any area within this state, the members present, if three or more in number, may, by the vote of a majority of such members present, take any action which the superintendent of financial services is empowered to take pursuant to the banking law. If less than three members shall appear pursuant to notice given by the superintendent in accordance with subdivision one of this section, the superintendent may by general or specific regulation, directive or order, take any action which the superintendent of financial services is empowered to take pursuant to the banking law.