Sec. 33-648. Emergency powers.
Sec. 33-648. Emergency powers. (a) In anticipation of or during an emergency
defined in subsection (d) of this section, 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) of this section, unless emergency
bylaws provide otherwise: (1) Notice of a meeting of the board of directors need be
given only to those directors whom 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 business 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.
(P.A. 94-186, S. 30, 215.)
History: P.A. 94-186 effective January 1, 1997.