Resignation of directors. (1) A director may resign at any time by delivering written notice to the board of directors, the board’s chairperson or the corporation

(2) A resignation is effective when the notice is effective under ORS 60.034 unless the notice specifies a later effective date.

(3) Once delivered, a notice of resignation is irrevocable unless the board of directors permits the revocation. [1987 c.52 §74; 2017 c.55 §12]