Resignation of director

11C V.S.A. ch. 008, § 806, under Article 008 : Directors and Officers.

11C V.S.A. ch. 008, § 806

§ 806. Resignation of director

A director may resign at any time by giving notice in a record to the mutual benefit enterprise. Unless the notice states a later effective date, a resignation is effective when the notice is received by the enterprise. (Added 2011, No. 84 (Adj. Sess.), § 1, eff. April 20, 2012.)