Oregon Statutes 60.321 – Resignation of directors
Current as of: 2023 | Check for updates
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(1) A director may resign at any time by delivering written notice to the board of directors, the board’s chairperson or the corporation.
Terms Used In Oregon Statutes 60.321
- 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.
- Written: means embodied as a document. See Oregon Statutes 60.001
(2) A resignation is effective when the notice is effective under ORS § 60.034 unless the notice specifies a later effective date.
(3) Once delivered, a notice of resignation is irrevocable unless the board of directors permits the revocation. [1987 c.52 § 74; 2017 c.55 § 12]