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



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



(2)  Relocate the principal office, designate
alternative principal offices or regional offices, or authorize the officers to
do so.



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



(1)  Notice of a meeting
of the board of directors need be given only to those directors it is
practicable to reach and may be given in any practicable manner, including by
publication and radio; and



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



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



(1)  Binds the
corporation; and



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



(d)  An emergency
exists for purposes of this section if a quorum of the corporation's directors
cannot readily be assembled because of some catastrophic event. [L 2001, c 105,
pt of §1]