§ 55-8-07. Resignation of directors.
§ 55‑8‑07. Resignation of directors.
(a) A director mayresign at any time by communicating his resignation to the board of directors,its chair, or the corporation.
(b) A resignation iseffective when it is communicated unless it specifies in writing a latereffective date or subsequent event upon which it will become effective. (1955, c. 1371, s. 1; 1959,c. 1316, s. 34; 1973, c. 469, s. 7; 1989, c. 265, s. 1; 2001‑358, s.6(c); 2001‑387, ss. 173, 175(a); 2001‑413, s. 6.)