(a) A director may resign at any time by delivering a written resignation to the board of directors, or its chair, or to the secretary of the corporation.
(b) A resignation shall be effective when the resignation is delivered unless the resignation specifies a later effective date or an effective date determined upon the happening of an 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.
(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)
This section is referenced in § 29-306.10.
Structure District of Columbia Code
Title 29 - Business Organizations. [Enacted title]
Chapter 3 - Business Corporations
Subchapter VI - Directors and Officers
§ 29–306.01. Requirement for and functions of board of directors
§ 29–306.02. Qualifications of directors
§ 29–306.03. Number and election of directors
§ 29–306.04. Election of directors by certain classes of shareholders
§ 29–306.05. Terms of directors generally
§ 29–306.06. Staggered terms for directors
§ 29–306.07. Resignation of directors
§ 29–306.08. Removal of directors by shareholders