(a) A director may resign by delivering written notice to the board of directors, its chairman, or the corporation.
(b) A resignation is effective when the notice is delivered unless the notice specifies a later effective date.
HISTORY: Derived from 1976 Code Section 33-13-40 [1962 Code Section 12-18.4; 1962 (52) 1996; 1981 Act No. 146, Section 2; Repealed, 1988 Act No. 444, Section 2]; 1988 Act No. 444, Section 2.
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