Indiana Statutes
§ 23-1-33-7 — Resignation
Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 33 Board of Directors Generally
(a)A director may resign at any time by
delivering written notice:
(1)to the board of directors, its chairman, or the secretary of the
corporation; or
(2)if the articles of incorporation or bylaws so provide, to another
designated officer.
(b)A resignation is effective when the notice is delivered unless the
notice specifies:
(1)a later effective date; or
(2)an effective date determined upon the happening of an event.
(c)A resignation that is conditioned upon failing to receive a
specified vote for election as a director may provide that the resignation
is irrevocable.
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Legislative History
As added by P.L.149-1986, SEC.17. Amended by P.L.107-1987,
SEC.10; P.L.133-2009, SEC.25.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"