(a) A director may resign at any time by delivering a written notice of resignation to the board of directors or its chair, to the secretary, or to the corporation.
(b) A resignation is effective as provided in Section 10A-2A-1.41(i) unless the resignation provides for a delayed effectiveness, including effectiveness determined upon a future event or events. A resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that it is irrevocable.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 2A - Alabama Business Corporation Law.
Article 8 - Directors and Officers.
Division A - Board of Directors.
Section 10A-2A-8.01 - Requirement for and Functions of Board of Directors.
Section 10A-2A-8.02 - Qualifications of Directors.
Section 10A-2A-8.03 - Number and Election of Directors.
Section 10A-2A-8.04 - Election of Directors by Certain Classes or Series of Stock.
Section 10A-2A-8.05 - Terms of Directors Generally.
Section 10A-2A-8.06 - Staggered Terms for Directors.
Section 10A-2A-8.07 - Resignation of Directors.
Section 10A-2A-8.08 - Removal of Directors by Stockholders.
Section 10A-2A-8.09 - Removal of Directors by Judicial Proceeding.