[§414-43]  Emergency powers.  (a)  Inanticipation of or during an emergency defined in subsection (d), the board ofdirectors of a corporation may:

(1)  Modify lines of succession to accommodate theincapacity 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 emergency bylaws provide otherwise:

(1)  Notice of a meeting of the board of directorsneed be given only to those directors whom it is practicable to reach and maybe given in any practicable manner, including by publication 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)  Corporate action taken in good faithduring an emergency under this section to further the ordinary business affairsof the corporation:

(1)  Binds the corporation; and

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

(d)  An emergency exists for purposes of thissection if a quorum of the corporation's directors cannot readily be assembledbecause of some catastrophic event. [L 2000, c 244, pt of §1]