Colorado § 7-128-107 Resignation of directors

Colorado Statutes

§ 7-128-107 — Resignation of directors

Colorado·Title 07 Corporations·Art. Directors and Officers

(1)A director may resign at any time by giving written notice of resignation to the nonprofit corporation.

(2)A resignation of a director is effective when the notice is received by the nonprofit corporation unless the notice states a later effective date.

(3)Repealed.

(4)If, at the beginning of a director's term on the board, the bylaws provide that a director may be deemed to have resigned for failing to attend a stated number of board meetings, or for failing to meet other stated obligations of directors, and if such failure to attend or meet obligations is confirmed by an affirmative vote of the board of directors, then such failure to attend or meet obligations shall be effective as a resignation at the time of such vote of the board.

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(1) A director may resign at any time by
giving written notice of resignation to the nonprofit corporation.

(2) A resignation of a director is effective when the notice is received by the
nonprofit corporation unless the notice states a later effective date.

(3) Repealed.

(4) If, at the beginning of a director's term on the board, the bylaws provide
that a director may be deemed to have resigned for failing to attend a stated
number of board meetings, or for failing to meet other stated obligations of
directors, and if such failure to attend or meet obligations is confirmed by an
affirmative vote of the board of directors, then such failure to attend or meet
obligations shall be effective as a resignation at the time of such vote of the board.

Colorado § 7-128-107 (Resignation of directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 97: Entire article added, p. 690, � 3, effective July 1, 1998. L. 2000: (3) amended, p. 983, � 82, effective July 1. L. 2002: (3) amended, p. 1855, � 137, effective July 1; (3) amended, p. 1720, � 139, effective October 1. L. 2003: (2) and (4) amended, p. 2340, � 302, effective July 1, 2004. L. 2004: (3) repealed, p. 1511, � 297, effective July 1.