16-6a-807 - Resignation of directors.
16-6a-807. Resignation of directors.
(1) A director may resign at any time by giving written notice of resignation to thenonprofit corporation.
(2) A resignation of a director is effective when the notice is received by the nonprofitcorporation unless the notice specifies a later effective date.
(3) A director who resigns may deliver to the division for filing a statement that thedirector resigns pursuant to Section 16-6a-1608.
(4) The failure to attend or meet obligations shall be effective as a resignation at the timeof the board of director's vote to confirm the failure if:
(a) at the beginning of a director's term on the board, the bylaws provide that a directormay be considered to have resigned for failing to:
(i) attend a specified number of board meetings; or
(ii) meet other specified obligations of directors; and
(b) the failure to attend or meet obligations is confirmed by an affirmative vote of theboard of directors.
Enacted by Chapter 300, 2000 General Session