District of Columbia § 29-306.07 Resignation of directors.

District of Columbia Statutes

§ 29-306.07 — Resignation of directors.

District of Columbia § 29-306.07

JurisdictionDistrict of Columbia

Title 29Business Organizations. [Enacted title]

Ch. 3Business Corporations.

Subch. VIDirectors and Officers.

Part ABoard of Directors.

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Bluebook

D.C. Code § 29-306.07 (2026).

Text

(a)A director may resign at any time by delivering a written resignation to the board of directors, or its chair, or to the secretary of the corporation.

(b)A resignation shall be effective when the resignation is delivered unless the resignation specifies a later effective date or an effective date determined upon the happening of an event or events. A resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that it is irrevocable.

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(a) A director may resign at any time by delivering a written resignation to the board of directors, or its chair, or to the secretary of the corporation.

(b) A resignation shall be effective when the resignation is delivered unless the resignation specifies a later effective date or an effective date determined upon the happening of an event or events. A resignation that is conditioned upon failing to receive a specified vote for election as a director may provide that it is irrevocable.