Sec. 7. (a) A director may resign at any time by delivering written notice:
(1) to the board of directors, its chairman, or the secretary of the corporation; or
(2) if the articles of incorporation or bylaws so provide, to another designated officer.
(b) A resignation is effective when the notice is delivered unless the notice specifies a later effective date.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 9. Board of Directors Generally
28-13-9-1. Necessity of Board; Powers
28-13-9-3. Size of Board; Articles and Bylaws; Annual Election of Directors
28-13-9-4. Election of Directors; Voting Groups; Classes of Shares
28-13-9-5. Terms of Office; Vacancies; Continuation Until Qualification of Successor
28-13-9-6. Staggering Terms; Groups of Directors; Expiration of Terms
28-13-9-7. Resignation; Notice; Effective Date