Idaho Code 30-30-624 – Resignation and Removal of Officers
Current as of: 2023 | Check for updates
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(1) An officer may resign at any time by delivering notice to the corporation. A resignation is effective when the notice is effective unless the notice specifies a future effective date. If a resignation is made effective at a future date and the corporation accepts the future effective date, its board of directors may fill the pending vacancy before the effective date if the board provides that the successor does not take office until the effective date.
(2) A board may remove any officer at any time with or without cause.
Terms Used In Idaho Code 30-30-624
- 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.