§ 16-10a-807. Resignation of directors.

Latest version.

(1)	A director may resign at any time by giving a written notice of resignation to the board of directors, the board's chair, or the corporation's secretary.

(2)

(a)	A resignation of a director is effective when the notice is received by the corporation unless the notice specifies a later effective date or an effective date determined by the happening of an event.

(b)	A notice of resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that it is irrevocable.

(3)	A director who resigns may deliver to the division for filing a statement of the director's resignation pursuant to Section 16-10a-1608.

Amended by Chapter 85, 2007 General Session

                    
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