Maine Revised Statutes Title 13-C Sec. 807 – Resignation of directors
Current as of: 2023 | Check for updates
|
Other versions
1. 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.
[PL 2007, c. 289, §14 (AMD).]
Terms Used In Maine Revised Statutes Title 13-C Sec. 807
- 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. 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.
[PL 2007, c. 289, §14 (AMD).]
SECTION HISTORY
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2007, c. 289, §14 (AMD).