Montana Code 35-14-843. Resignation and removal of officers
35-14-843. Resignation and removal of officers. (1) An officer may resign at any time by delivering a written notice to the corporation. A resignation is effective as provided in 35-14-141(9) unless the notice provides for delayed effectiveness, including effectiveness determined on a future event or events. If effectiveness of a resignation is stated to be delayed and the board of directors or the appointing officer accepts the delay, the board of directors or the appointing officer may fill the pending vacancy before the delayed effectiveness, but the new officer may not take office until the vacancy occurs.
Terms Used In Montana Code 35-14-843
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2)An officer may be removed at any time with or without cause by:
(a)the board of directors;
(b)the appointing officer unless the bylaws or the board of directors provides otherwise; or
(c)any other officer if authorized by the bylaws or the board of directors.
(3)In this section, “appointing officer” means the officer, including any successor to that officer, who appointed the officer resigning or being removed.