Resignation of directors
In plain English: A director may resign at any time by giving written notice to the board, its presiding officer, or the association. The resignation takes effect when the notice is delivered unless the notice names a later date or event. If the resignation is set for a later date, the board may choose a replacement ahead of time, but that successor does not take office until the effective date.
10-3807. Resignation of directors
A. A director may resign at any time by delivering written notice to the board of directors, its presiding officer or the corporation.
B. A resignation is effective when the notice is delivered unless the notice specifies a later effective date or event. If a resignation is made effective at a later date, the board may fill the pending vacancy before the effective date if the board provides that the successor does not take office until the effective date.