(1) A director may resign at any time by delivering written notice to the board of directors, its chairman, or to the corporation.
(2) A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date.

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Terms Used In Kentucky Statutes 271B.8-070


Effective: January 1, 1989
History: Created 1988 Ky. Acts ch. 23, sec. 74, effective January 1, 1989.