[§291C-34]  Flashing signals.  (a) 
Whenever an illuminated flashing red or yellow signal is used in a traffic sign
or signal it shall require obedience by vehicular traffic as follows:



(1)  Flashing Red (stop signal).  When a red lens is
illuminated with rapid intermittent flashes, drivers of vehicles shall stop at
a clearly marked stop line, but if none, before entering the crosswalk on the
near side of the intersection, or if none, then at the point nearest the
intersecting roadway where the driver has a view of approaching traffic on the
intersecting roadway before entering the intersection, and the right to proceed
shall be subject to the rules applicable after making a stop at a stop sign.



(2)  Flashing Yellow (caution signal).  When a yellow
lens is illuminated with rapid intermittent flashes, drivers of vehicles may
proceed through the intersection or past such signal only with caution.



(b)  This section shall not apply at railroad
grade crossings.  Conduct of drivers of vehicles approaching railroad grade
crossings shall be governed by the rules as set forth in section 291C-91. [L
1971, c 150, pt of §1]