§ 23-17-14-3 — Resignation

Indiana § 23-17-14-3

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 17: NONPROFIT CORPORATIONS
• Ch. 14: Officers

Text

(a) An officer may resign at any time by
delivering notice to one (1) of the following:
(1) The board of directors, the chairman of the board of directors,
or the secretary of the corporation.
(2) If articles of incorporation or bylaws provide, to another
designated officer.
(b) A resignation is effective when the notice is effective unless the
notice specifies a later effective date. If:
(1) a resignation is made effective at a later date; and
(2) a corporation accepts the future effective date;
the corporation's board of directors may fill the pending vacancy before
the effective date if the board of directors provides that the successor
does not take office until the effective date.
(c) A board of directors may remove an officer at any time with or
without cause.
(d) An officer who appoints another officer or assistant officer may
remove the appointed officer or assistant officer at any time with or
without cause.

Legislative History

As added by P.L.179-1991, SEC.1.