§807. Resignation of directors
1. Notice of resignation. A director may resign at any time by delivering a written resignation to the corporation's board of directors or its chair or to the clerk of the corporation.
[PL 2007, c. 289, §14 (AMD).]
2. Effective. A resignation is effective when the resignation is delivered unless the resignation specifies a later effective date, including, but not limited to, the date on which some specified future event occurs.
A resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that the resignation is irrevocable.
[PL 2007, c. 289, §14 (AMD).]
SECTION HISTORY
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2007, c. 289, §14 (AMD).
Structure Maine Revised Statutes
TITLE 13-C: MAINE BUSINESS CORPORATION ACT
Chapter 8: DIRECTORS AND OFFICERS
Subchapter 1: BOARD OF DIRECTORS
13-C §801. Requirement; duties of board of directors
13-C §802. Qualifications of directors
13-C §803. Number and election of directors
13-C §804. Election of directors by certain classes of shareholders
13-C §806. Staggered terms for directors
13-C §807. Resignation of directors
13-C §808. Removal of directors by shareholders