17-5820.   Same; continuity of management and business in nationalemergency; liability.The commissioner shall, by regulation, provide for continuity of themanagement and business of an association in the event of a nationalemergency declared by the president of the United States or the personperforming his functions, or a nuclear, atomic or other disaster making itimpossible or impracticable for an association to conduct its business instrict accord with applicable provisions of law, its bylaws or its charter.The association and its directors, officers and employees shall not beliable to any person by reason of the failure to perform or delay inperforming any contractual, statutory or other duty when the failure ordelay is caused by any such emergency.

      History:   L. 1973, ch. 98, § 3; July 1.