Sec. 7. (a) A director may resign at any time by delivering written notice to one (1) of the following:
(1) The board of directors.
(2) The presiding officer of the board of directors.
(3) The president or secretary of the corporation.
(b) A resignation is effective when the notice is effective under IC 23-17-28 unless the notice specifies a later effective date. If a resignation is made effective at a later date, the board of directors may fill the pending vacancy before the effective date if the board of directors provides that the successor does not take office until the effective date.
As added by P.L.179-1991, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
23-17-12-3. Number of Directors; Increase or Decrease in Number
23-17-12-4. Time and Method of Election
23-17-12-8. Removal of Director by Vote of Members
23-17-12-9. Removal of Director by Vote of Directors
23-17-12-11. Religious Corporations; Removal of Directors
23-17-12-12. Removal of Designated or Appointed Directors
23-17-12-13. Removal by Court Order