Emergency powers

HRS §414-43, under Chapter 414.

HRS §414-43

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

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

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

(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 2000, c 244, pt of §1]