JPMorgan Chase & Co.’s board just approved a series of tweaks to its bylaws including one that pops out — a new section defining what constitutes a quorum in the event of a “nuclear or atomic disaster.”
That scenario is listed among emergencies that might make it hard to hold a normal meeting. The clause can take effect if the U.S. is attacked or in a variety of other situations involving chemical or biological weapons, natural disasters or “acts of God.”
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JPMorgan is the largest U.S. bank.
Read more at JPMorgan Tweaks Bylaws, Just in Case There’s a Nuclear Disaster
