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Code · Montana · Title 35 — Corporations, Partnerships, and Associations · Chapter 14 · Part 8

35-14-807. Resignation of directors.

81 words·~1 min read·/mt/title-35/chapter-14/part-8/35-14-807·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

35-14-807 . Resignation of directors.
(1)A director may resign at any time by delivering a written notice of resignation to the board of directors or its chair or to the secretary.
(2)A resignation is effective as provided in 35-14-141(9) unless the resignation provides for a delayed effectiveness, including effectiveness determined on a future event or events. A resignation that is conditioned on failing to receive a specified vote for election as a director may provide that it is irrevocable.
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