2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.303 - EMERGENCY POWERS.

        490.303  EMERGENCY POWERS.
         1.  In anticipation of or during an emergency as defined in
      subsection 4, the board of directors of a corporation may do either
      or both of the following:
         a.  Modify lines of succession to accommodate the incapacity
      of any director, officer, employee, or agent.
         b.  Relocate the principal office, designate alternative
      principal offices or regional offices, or authorize the officers to
      do so.
         2.  During an emergency defined in subsection 4, unless emergency
      bylaws provide otherwise:
         a.  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.
         b.  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.
         3.  Corporate action taken in good faith during an emergency under
      this section to further the ordinary business affairs of the
      corporation shall both:
         a.  Bind the corporation.
         b.  Not be used to impose liability on a corporate director,
      officer, employee, or agent.
         4.  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.  

         89 Acts, ch 288, §27