North Carolina General Statutes 55A-8-07. Resignation of directors
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In North Carolina General Statutes 55A-8-07
- 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.
- Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
(a) A director may resign at any time by communicating his resignation to the board of directors, its presiding officer, or to the corporation.
(b) A resignation is effective when it is communicated unless the notice specifies a later effective date or subsequent event upon which it will become effective. (1993, c. 398, s. 1.)