§ 8.07. Resignation of directors
(a) A director may resign at any time by delivering written notice to the board of directors, its chair, or to the president or other officer responsible for recording the minutes of the meetings of the shareholders and directors of the corporation.
(b) A resignation is effective when the notice is delivered unless the notice specifies a later effective date. (Added 1993, No. 85, § 2, eff. Jan. 1, 1994.)
Structure Vermont Statutes
Title 11A - Vermont Business Corporations
Chapter 8 - Directors and Officers
§ 8.01. Requirement for and duties of board of directors
§ 8.02. Qualifications of directors
§ 8.03. Number and election of directors
§ 8.04. Election of directors by certain classes of shareholders
§ 8.05. Terms of directors generally
§ 8.06. Staggered terms for directors
§ 8.07. Resignation of directors
§ 8.08. Removal of directors by shareholders
§ 8.09. Removal of directors by judicial proceeding
§ 8.11. Compensation of directors
§ 8.21. Action without meeting
§ 8.30. General standards for directors
§ 8.33. Liability for unlawful distributions; statute of limitations
§ 8.43. Resignation and removal of officers
§ 8.44. Contract rights of officers
§ 8.50. Subchapter definitions
§ 8.51. Authority to indemnify
§ 8.52. Mandatory indemnification
§ 8.54. Court-ordered indemnification
§ 8.55. Determination and authorization of indemnification
§ 8.56. Indemnification of officers, employees, and agents