Tennessee Statutes
§ 48-18-107 — Resignation of directors
Tennessee·Title 48
(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 is 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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Legislative History
Acts 1986, ch. 887, § 8.07; 2012, ch. 1051, § 28.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
Administration