North Carolina General Statutes 55A-8-09. Removal of designated or appointed directors
(a) A designated director may be removed by an amendment to the articles of incorporation or bylaws deleting or changing the provision containing the designation.
(b) Except as otherwise provided in the articles of incorporation or bylaws:
(1) An appointed director may be removed with or without cause by the person appointing the director;
Terms Used In North Carolina General Statutes 55A-8-09
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) The person removing the director shall do so by giving written notice of the removal to the director and to the corporation; and
(3) A removal is effective when the notice is effective unless the notice specifies a future effective date.
(c) Notwithstanding any other provision of this section, the articles of incorporation or bylaws may provide that directors appointed after the effective date of such provision shall be removed automatically for missing a specified number of board meetings. (1955, c. 1230; 1973, c. 192, ss. 1, 2; 1985 (Reg. Sess., 1986), c. 801, ss. 19-21; 1993, c. 398, s. 1.)