§ 55-8-07. Resignation of directors.
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§ 55-8-07. Resignation of directors.
(a)A director may resign at any time by communicating his resignation to the board of directors, its chair, or the corporation.
(b)A resignation is effective when it is communicated unless it specifies in writing a later effective date or subsequent event upon which it will become effective. (1955, c. 1371, s. 1; 1959, c. 1316, s. 34; 1973, c. 469, s. 7; 1989, c. 265, s. 1; 2001-358, s. 6(c); 2001-387, ss. 173, 175(a); 2001-413, s. 6.)