What does the Revised Corporation Code state about appointing an emergency board of directors?

The Revised Corporation Code provides for the appointment of an emergency board of directors specifically in situations where a quorum for the board of directors cannot be achieved. This provision is crucial as it ensures the continued governance and operational capability of the corporation during times of crisis or instability, allowing essential decisions to be made even when the usual governance mechanisms fail.

In circumstances where a quorum cannot be met—due to reasons such as a majority of directors being unable to attend a meeting or unexpected vacancies—this provision facilitates an emergency process to maintain effective management and adherence to corporate governance requirements. Thus, the ability to appoint an emergency board is vital to prevent paralysis in corporate decision-making during challenging times.

The other options do not align with the code's provisions, as appointing an emergency board is explicitly allowed under specific circumstances and is not limited solely to stockholders or certain emergencies alone, making the correct answer clear.