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Maine Revised Statutes Title 13-C. Maine Business Corporation Act § 807. Resignation of directors

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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.

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.

Cite this article: FindLaw.com - Maine Revised Statutes Title 13-C. Maine Business Corporation Act § 807. Resignation of directors - last updated January 01, 2019 | https://codes.findlaw.com/me/title-13-c-maine-business-corporation-act/me-rev-st-tit-13-c-sect-807/


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