[§414D-53]  Emergency powers.  (a)  Inanticipation of or during an emergency defined in subsection (d), the board ofdirectors of a corporation may:

(1)  Modify lines ofsuccession to accommodate the incapacity of any director, officer,employee, or agent; and

(2)  Relocate the principal office, designatealternative principal offices or regional offices, or authorize the officers todo so.

(b)  During an emergency defined in subsection (d), unless emergencybylaws provide otherwise:

(1)  Notice of a meetingof the board of directors need be given only to those directors it ispracticable to reach and may be given in any practicable manner, including bypublication and radio; and

(2)  One or more officers of the corporation presentat a meeting of the board of directors may be deemed to be directors for themeeting, in order of rank and within the same rank in order of seniority, asnecessary to achieve a quorum.

(c)  Corporateaction taken in good faith during an emergency under this section to further theordinary affairs of the corporation:

(1)  Binds thecorporation; and

(2)  May not be used to impose liability on acorporate director, officer, employee, or agent.

(d)  An emergencyexists for purposes of this section if a quorum of the corporation's directorscannot readily be assembled because of some catastrophic event. [L 2001, c 105,pt of §1]