79-11-243 - Resignation of director.
§ 79-11-243. Resignation of director.
(1) A director may resign at any time by delivering written notice to the board of directors, its presiding officer or to the president or secretary.
(2) A resignation is effective when the notice is effective unless the notice specifies a later effective date. If a resignation is made effective at a later date, the board may fill the pending vacancy before the effective date if the board provides that the successor does not take office until the effective date.
Sources: Laws, 1987, ch. 485, § 72, eff from and after January 1, 1988.