Resignation and Removal of Officers

Resignation and Removal of Officers. (a) An officer may resign at any time by delivering notice to the corporation. A resignation is effective when the notice is delivered unless the notice specifies a later effective date. If a resignation is made effective at a later date and the corporation accepts the future effective date, its board of directors provides that the successor does not take office until the effective date. (b) A board of directors may remove any officer at any time with or without cause. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 8.43).