(1) The board of directors may remove an officer at any time with or without cause.
(2) An officer of a limited cooperative association may resign at any time by giving notice in a record to the association. Unless the notice specifies a later time, the resignation is effective when the notice is received by the association.
Source: L. 2011: Entire article added, (SB 11-191), ch. 197, p. 797, � 1, effective April 2, 2012.