Iowa Code 490.807 – Resignation of directors
Current as of: 2024 | Check for updates
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1. A director may resign at any time by delivering a written notice of resignation to the board of directors or its chair, or to the secretary.
Terms Used In Iowa Code 490.807
- Secretary: means the corporate officer to whom the board of directors has delegated responsibility under section 490. See Iowa Code 490.140
- written: means any information in the form of a document. See Iowa Code 490.140
2. A resignation is effective as provided in section 490.141, subsection 9, unless the resignation provides for a delayed effectiveness, including effectiveness determined upon a future 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.