Section 807 - Resignation of directors1.Notice of resignation. A director may resign at any time by delivering a written resignation to the corporation's board of directors or its chair or to the clerk of the corporation. [2007, c. 289, §14(AMD).]
2.Effective. A resignation is effective when the resignation is delivered unless the resignation specifies a later effective date, including, but not limited to, the date on which some specified future event occurs. A resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that the resignation is irrevocable.
[2007, c. 289, §14(AMD).]
2001, c. 640, §A2 (NEW) . 2001, c. 640, §B7 (AFF) . 2007, c. 289, § 14 (AMD) .