By-Laws (DE Corporation): Emergency By-Laws | Practical Law
Standard clauses for the by-laws of a Delaware for-profit, nonstock, or nonprofit nonstock corporation granting the board of directors powers to continue its operations during an emergency, such as an earthquake, flood, fire, or pandemic (such as COVID-19). It addresses changes to the quorum and notice requirements for board meetings, director immunity from liability, and the permissible actions of the board under emergency by-laws. This Standard Clause has integrated notes with important explanations and drafting tips.