Sec. 7. (a) A director may resign at any time by delivering written notice:

(1) to the board of directors, its chairman, or the secretary of the corporation; or

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Terms Used In Indiana Code 28-13-9-7

  • 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) if the articles of incorporation or bylaws so provide, to another designated officer.

     (b) A resignation is effective when the notice is delivered unless the notice specifies a later effective date.

As added by P.L.14-1992, SEC.163.